scott jacobson, jordan kimmel. as we said, almost back to flat. the dow's down, what, 20 points right now. the s&p trying to cut back to even. melissa, it's been an interesting session but far from over yet. >> that's right. and consumer spending as we ju heard contues to be very weak. up next we'll break down the state of the consumer and tell you what needs to happen to get people to spend again. plus, oil speculators coming under fire again for volatility in the energy markets. they always get the blame. will new regulations actually be worse than any alleged harm from speculators? we'll get some answers from the head of the cme group coming up. and then after the bell maria bartiromo's exclusive interview with former aig chairman and ceo hank greenberg. he'll explain e significance of yesterday's big legal victory against aig and what he's doing to build up star international. but first, the most active stocks in the new york stock exchange led by bank of america, citigroup, and our parent, general electric. acss to favorite courses at the tat

joining us is scott jacobson, chief investment strablthist with capstone sales advisers expect pp and greg olsen partner at lennox advisers. good to have you on the program. let's talk about these markets and how you want to be positioned in this environment. an enormous amount of money going into the bond market. that continues today as well. do you want to be getting ahead of that trade? do you think the money's been made there? how are you investing? >> we love municipals right now because we think with all the proposed changes to the health care bill that income tax rates are going to be going up and that's going to mean very good things for municipal bonds. >> you hope income tax rates are going to go up just from the idea that the economy recovers soon and you get that revenue. what do you think? >> the stock market is certainly discounting a recovery right now. we've had a little correction.8 we've rallied back significantly. say, 10% in the last two weeks alo alone. so the market is discounting a v bottom in earnings and a big return to earnings. bond market a littles certain