. >> let's go to steven weiss who is the contrarian. >> you have to be positive. >> i lost track. i am figuring out where they lineup. i am bearish. the only similarity between this and march' 09, i think they got it right. the problems are in front of us. nobody to bail us out. may there be more, absolutely. it's not going to help cure the problems that face us. china slowing down and who knows what happens in europe? we will be a seller of the market. >> i hear all of that. would you be a short seller here? you think the market is going down? you want to short the stocks and deer had a great number and raised earnings? why? >> i am net short a couple of accounts. the reason is if you look at the expectations of what they are saying whether it's cat looking for 8.5% chinese growth, 3% in the u.s., flat in europe, that's not going to happen. >> deer revised their outlook and revised upwards. >> what i am telling you is the end of the year is worse than this part. making the bet and not what management said, but by the way like to get the stock prices up. >> i don't think these guy

. >> steven weiss? >> first of all, i have never been a believer. own an overvalued stock and secondly, i think that buying a stock because one company got taken out and i think the others will. that was one of the worst reasons to own stock. no real scarcity value. it's not a big portion of the s&p and you have taken a buyer out of the market. stick to the fundamentals and forget the take out stories. >> word to you and let's say somebody does, what's the top pick? >> it's the year of the restaurant and there is something for everyone. we would agree to focus on fundamentals. starbucks has a phenomenal buying opportunity. >> thanks for your time. starbucks. you like it? >> we talked about that. it's an opportunity to buy and i love people with three names. never discount somebody with three names or name like socrates or richard dean anderson or nicole dean reagan. you don't mess around with them. >> much more fast straight ahead. get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the ot

we want to bring up steven weiss to be contrarian. know what point you want to be contrarian on. >> worry so much waffleing for the both sides, i think that oil goes down purely as an economic play and add the capacity coming on that is going into the 80s. as far as gold goes, demand doesn't come from china. the reserves are not long enough gold. they have been buying like crazy. you see the pressure and goal goes lower and it's not analyzable. it's emotional trade. stay away from gold. >> i agree you don't buy gold. they are going below 10 on oil. the eu you have the ban that will occur ahead of that. when that happens, oil bottoms. >> shares of jpmorgan down 22%. they got caught in the downswing and they have an options recovery strategy that can help you fix your trade. what's the magic pill here? >> when stocks fall, people can if they like the name be tempted to buy more shares. there is a lot of overhang and danger. that's not the right way to do it. little chance that the stock will recovery all the ground from the higher level

let's talk, here's jim lacamp, and steven weiss, and the author of "the big win," the new book? >> yes. >> all right. gentlemen, here's what i don't want to do, rehash the combinations of europe and greece. assume we don't know anything about greece, we never heard about spain in spanish banks, we don't care about the eurozone, it's in the hospital on your consciousness. in that event, would you be bullish or bearish on u.s. stocks excludeing all of europe? >> i'd be bullish. >> why? >> well, i think we can get a very strong number tomorrow. gave me the numbers the last two months, they were correct downward, they're looking for possibly 200,000 jobs. and they're at the forefront of the data. if you had that good of a jobs number, you have an economy that wouldn't be 2% without what you don't want to mention, you'd be closer to 3%. you've got the consumer feeling much better. they've got money in their pocket from utility costs lower, gas at the pump lower, that immediately translates into spending consumer based -- >> good optimistic vision. i want you to go through the same th

income research at bank of america dave goldman president of macro strategy and our great friend steven weiss of the new book "the big win." welcome back, gentlemen. david goldman, you have been a steadfast bull, you are shifting into a bearish position. please tell us why. >> what we saw, larry, in the first quarter gdp report is the reason overall growth, there's no investment going on. we talked to the trigger pullers. they're terrified of an anti-business administration, no investment means no profits, no jobs, the consumer can't carry -- >> thank you. >> so we have to lighten up until we're sure. >> i saw that decline in investment, which by the way was the second slumpy quarter. and then today factory orders fell, i didn't much care for that. and so i ask you inso far as david's worries about business and investment, it's businesses that create jobs that create incomes, that create consumer spending. what's your take on that? >> my best source, a friend of mine billy green are on the front end, they do the prescreening for over 10,000 companies. he got out of the market in '07 when the

steven weiss, here's my big takeaway. from everything that happened down there, i think it may mean most to people who are thinking about this stock. jamie dimon, when asked by a shareholder if this whole episode would impact the dividend, he said "i strongly hope not." now, maybe i'm reading more into it than i should. that doesn't sound to me like an emphatic, no, it will not affect the dividend. >> well, the reason that he probably gave that answer is because you don't know what the regulators are going to do. if you take a look at citi's missteps, when they went in and filed to give some money back to shareholders, the regulators said no. so, i would say jamie is really drawing from that experience with citi versus drawing from what jpmorgan can do. their balance sheet is so strong, they could increase the dividend, if they want, but you never know what's going to happen from the government. >> dick bove comes out today, guys, says jpm is a "very cheap stock." you agree with him because you bought more jpmorgan today.

weiss now, of short hills capital. he is on the fast line. frequent fast money trader as well. he has a real time trade on the financials. why are you looking at this space, stevenre are you looking within the financials? i am looking at the brokeers. what i am looking at is the overall market. i don't think it is particularly attractive even though it has come down quite a bit. we are in focus in particular on morgan stanley on the short side against goldman sachs on the long side. i am not big in terms of trades. you have to look at each side separately. when i look at it, goldman is still the best run investment bank there is. >> you were saying that about jpmorgan a couple weeks ago? >> not an investment bank. that's a commercial bank here. >> i gotcha. >> i was ng wrwrong. >> it happens. in terms of this, the morgan stanley issues with facebook, that's a little bit of noise. it il wiwill affect them going forward. what i'm more focused on is how these banks are run. i don't think morgan stanley has a lot of opportunity to increase their profitability carrying such a heavyweight in terms of large retail force which goldman doesn't have. additionally, if they