i'm certainly irrelevant to stevie cohen and his operation. big guy when it comes to assets with him. lori: quickly, ed, can you give us any sense how much your investment with sac? >> i can't, lori. if i could give it to anybody it would be but my lawyers would kill me. lori: your analysis and experience in the financial markets is so priceless. thank you, ed. >> thank you, bye. david: almost got it out of him, lori. he was breaking. he was breaking. more time and you would have. >>> ford's lincoln division is revving up its challenge to german luxury brands, mercedes and bmw. can lincoln get in the fast lane? we'll talk to lincoln's global marketing chief. that is coming up next. lori: this is such a sad story. things are getting worse and worse in egypt. we learned general motors closed its factory there. violence flaring up. will other companies follow through? we will speak with rostelecom holdings executive chairman. copd makes it hard to breathe... but with advair, i'm breathing better. so now i can help make this a great block party. ♪

take a little bit of a leap across the street from zuccotti to greenwich connecticut we've got stevie cohen in the news sac capital what do you say about that insider trading are we going to see a criminal indictment on stevie himself i don't know but there's this there's a few people have been indicted like matthew martoma michael steinberg people high up in stevie's organization you know there's an old saying i learned when i was a criminal the only currency you have left or indicted is information and if the big fish don't fry the small fish will fry and if and if and if these guys get convicted in their cases this guy steinberg and martoma some of the other little fish and stevie don't fry well these guys will fry the government will make an example out of them to send a message that if you don't cooperate you will pay and you will pay double or triple does that send a message to just prosecute the corporation so why are we why is the government going after the corporation and not these big fish. because you can put the corporation in the choir room and from dating for three weeks. list

so the sec is going after this guy named stevie: -- stevie cohen, but he is not going to cause the nextfinancial crisis. >> they're focusing their energy in the wrong places? >> exactly. >> what did steve cohen do to make the federal government angry? >> that is a loaded question. he made a lot of enemies along his trail. he had one of the biggest hedge funds. he is a very influential financial guy. he just made too many enemies, and when the sec decide this -- decided to start cracking down, he was an obvious target. >> thank you for joining us today. that was bob english. here in the nation's capital, americans marked the 50th anniversary of the 1963 march on washington yesterday. where martin luther king made his famous "i have a dream" speech. the event was attended by a number of politicians, many of which addressed thousands of people at the lincoln memorial. speakers included president barack obama, former presidents bill clinton and jimmy carter, congressman john lewis, and governor martin o'malley, among many others. interestingly, those politicians all have one thing in common

now and unfortunately that is the case so that as you see they're going after this this guy name stevie cohen hack capital management but you know he's not going to cause the next financial crisis right to that kind of focusing their energies in the wrong place at it i guess and that's exactly what and so what do you think they what did steve cohen do to really anger the federal government to make them go after him opposed to the people who they gave money to that's a loaded question. i think he made a lot of enemies along his trail he had one of the biggest hedge funds he's a very influential financial guy and he just made too many enemies and then when the f.c.c. decided to start cracking down on insider trading he was just an obvious target well bob thank you for joining us today that was baba english co-host of prime interest. in recent months we've gained a better understanding of how the us as counterterrorism operations like the national security agency are spending their money and today we now know the size of the budgets they've been operating on the washington post has released a bl

now and unfortunately that is the case so that as you see they're going after this this guy name stevie cohen back capital management but you know he's not going to cause the next financial crisis right so they're kind of focusing their energies in the wrong place i think that you're saying that's exactly what i'm saying what do you think they what did steve cohen do to really anger the federal government to make them go after him opposed to the people who gave money to him oh that's a loaded question. i think he made a lot of enemies you know along his trail he had one of the biggest hedge funds he's a very influential financial guy and he just made too many enemies and then when the i.c.c. decided to start cracking down on insider trading he was just an obvious target well bob thank you for joining us today that was bob english co-host of prime interest. here in the nation's capital americans mark the fiftieth anniversary of the one nine hundred sixty three march on washington yesterday where martin luther king made his famous i have a dream speech the event was attended by a number of poli

stevie cohen is one of the greatest manages of all time. >> you broke news.ou're pulling your money out. >> no, i didn't say that i have clients invested and letters signed by them they want to be in there. i will have money in with sac one way or the other because i love that firm. melissa: okay. back with us again, today, both ed butowsky of chatwood investments and charlie gasparino with us. ed, i want to start with you. what happened? >> hello, charlie. >> just say i was right. just say i was right? i nailed you. >> let me say this. let me say this. i had, i was in a position and, that i had no choice because from the legal proceedings i had to take my money out of that because as a fiduciary i had to do that. once the firm was -- >> why didn't you just say that then? >> i am in every way, shape or form i'm going to find a way as things start to clean and things start to become a little clearer i will try to find a way to put my money back. why? because since 2008 he has returned three times what the stock market has and since 2008, again he has returned

whether it's a-rod or stevie cohen, or braun, all the things we see in society where the rejection of that has a potential to manifest through financial assets. liz: fundamentals and technical analysis account for what? a lot? that's the reality, isn't it? that's the let's remove emotion and look at the numbers. >> of course. i think that's a great point. four metrics, fundamentals, structural, psychology, but this is not our father's stock market. there's a very, very heavy hand of the government, 7 o% of the vol newspaper here is -- 70% of the volumeshst. look at the met tricks, what is important in terms of ranking them? psychology is far and away number one. i think that structural is number two, whereas what was rates and credit, but now it's tapering, expectations, things of that nature. fundmentals is number three, pulling through earnings season, and technicals is number four. as long as we stay above s&p s&p1675, the bears should feel okay. liz: the massive algorithm computer trades that gyrate the markets, and, boy, if you're not on the top effort market, and just an individ

do we have to see stevie cohen banned from the industry or charged criminally for things to change orgh happened to have a lasting effect? >> you can't legislate out of existence fraud. you can't. melissa: greg, what do you think? >> i'm a little naive and i think hedge fund and other traders on wall street have changed last few years because scrutiny of expert networks. they're not using them like they used to. many are not using them at all. i'm not so naive to think it will last forever. last a couple years. >> can you litigate out of existence crooks? melissa: clearly not. we've proven that over time. thanks, guys, you're terrific. i appreciate it. >>> up next, it's a bird, it's a plane, no wait! it's a flying car? a breakthrough vehicle make as splash at one of the country's biggest airshows. finally i have an answer to beating traffic on my morning commute. i love it. it is owl an spay change. -- "spare change". you can't everybody have too much money. ♪ ♪ if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, cr