let's head back to todd horowitz in the pits of the cme. todd?> well we closed almost at our lows but again today's action, no volume. i think we're going to watch for is the jobs number next, a week from friday, the 9th. probably should be choppy action friday. we may get a little follow-up from here. one thing to look for is the russell index made what we call key reversal. all-time new high, closed on low of the day. i look for a rally into the jobs number next week. we'll see how it place there. david: todd, on this last day of trading of 2014 thank you for all your help, everything you done for fbn over the year. you did great work my friend. >> thank you for having me. love you guys. see you next year. happy new year. cheryl: appreciate it, todd. with 2014 over let's take a look at some of the best and worst performers on major indices this year. best outperformers all posted double-digit gains. intel soared 40%. united health hit a lifetime high, rallied 34%. home depot up 28% also an all-time high for the year. worst outperformers, ibm do

it is tomorrow's trades today with our buddy todd horowitz. coming back.m gerri willis. coming up on my show at the top. hour, the federal reserve comes to the rescue of wall street again but what is it doing for the rest of us? that is one of the big stories coming up on "the willis report" in just a few minutes. she's still the one for you. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swell

todd horowitz, if it is wednesday it got to be todd and a bull day because of course todd is a bear. todd, here we go again. what do you say? >> well you know i'm here, david, i'm here for my 35th record high. it is a wonderful feeling. i'm not worried. i'm about ready to wave my white flag. i say, what, me worry? david: alfred e. neuman. >> there you go. the bottom line the market is going up. it is the fourth quarter. typically bullish. i'm still bearish. i'm looking opportunities to sell the market. fed beige book came out today. they said everything is not as expected but if everything is good as they say what is preventing them raising their rates. liz: other nations, todd, other nations problems. but that doesn't mean that you can't be bullish about the u.s. stock market. >> i'm billionish the u.s., i'm bullish america but i'm not bullish the stock market. i think the market is way overdone here. we'll look back in history see when the biggest bubbles we ever built, all built on paper and no real production. liz: yeah, okay. he fought the tape. he is losing on that one. we love

todd horowitz, you are such a hit. want to start with todd, what does a bear do on a day like today when, i'm just looking behind me. it is 420 right now, the dow is rallying 420. is everybody crazy according to you? because are you, have you changed your bearish stance, what? >> hi, david, liz. i tried to hide out in new york. they found me anyways and keep going higher. bottom line, in my opinion this was a great short-covering rally. this was a real squeeze. a lot of people anticipated into the news, i don't know why, into janet yellen's testimony she would somehow change some. news. i don't think there was any chance she was going to. this is outrageous rally really based on more short-covering of doesn't matter why. we're taking another run at 18,000 level. i'm still looking for opportunities to sell. we see opportunity in the oil market. i think it is going down. liz: somebody is getting killed today. or anybody who believed that there might be a market correction or crash. ira, talk about what it has been like in

todd horowitz, this is your day. the one of few days you appeared when the market is responding the way you think it should respond. is the beginning of a pullback that you've been looking for? >> hi, david. hi, lori. i was a little surprised at the depth of this selloff today because of the holiday season, because of potential santa claus rally and the way the russell turned around yesterday being down 200 points in the morning, closing up 200 points. that was 5% move intraday in the russell. it looked pretty bullish. we're start to see the real economy is in trouble. these low oil prices we all want to cheer about, are causing big troubles. conoco with cap-ex laying off guys. there will be a lot more trouble if oil continues to drop which i think it will. it will create more trouble in the overall economist. we're not in real good shape. yes, we're cleaner shirt in dirty laundry but at the end of the day the markets look like they're in trouble. probably see some churning action. we're not going straight down. you

todd horowitz at cme. nicole petallides at new york stock exchange. you're up first. tell me about it. >> it has been an exciting run obviously. we saw dow 18,000. on loud speaker michael feinstein. big picture here is 2014 really clocked in some stellar gains especially after worries we saw in october. as a matter of fact we're up over 1800 points since our lows in the middle of october. six years in a low of gains after our great recession. it is very nice for the bulls out there. great for 401(k)s and iras. light volume as you noted. but a winning day. >> as we settle the s&p 500 looks like it is flat. not a record. we still have four trading sessions left in the day. i want to go to gary. if you want to talk about sony by the way, how can you ignore this? sony had a good day. they will show on limited edition, "the interview" and youtube and talk you can buy the film for $15. where do we go from here? if you want to work in whether we should buy sony or not, let me know. >> i think markets will be trending higher for the next four trading sessions. i think into ea

people like permabears like todd horowitz who have been bears unfortunately for their sakes, when even permabears start to put money in the market is that a sign to get out perhaps? >> yeah i would say so. it is kind of perverse nature of markets. when the last bear gets long that is usually time to be heading for the exits unfortunately. doesn't matter if you're looking at any market, corn, wheat, beans, the stock market. the last person that has been bearish is long, he is throwing in the towel, that is usually sign of near-term top. look at where we were. low of '09 left a mark on people. david: have you seen, chris, have you seen permabears jumping into the market now. >> no. you're still, everything we look at and read every day, guys are saying just wait, just wait, just wait. i think when that, sentiment flips, also too we'll have to watch to see what the sentiment is for money managers. if these guys get bulled up there is a lot of money to be put to use. that is the thing. you have to watch the money flow and also have to watch and see how much hedgingis getting done. watch vo

todd horowitz at cme. nicole petallides at new york stock exchange. you're up first.been an exciting run obviously. we saw dow 18,000. on loud speaker michael feinstein. big picture here is 2014 really clocked in some stellar gains especially after worries we saw in october. as a matter of fact w'r