so tom lee, let me go to you. greece is going to get fixed on top of all this good economic data.he ecbs, they'll put more tranches of emergency loans if we need it. and even here at home in the junk bond market, the spread between treasuries and junk is they're rogue. this looks like a very bullish scenario. i'm thinking about melt-up. what you thinking thinking about? >> i think the probability of a melt-up has increased. we've had a 24% move in four months. we published a move last week showing typically a three-month pause first, and then the market makes a pretty strong advance six, 12 months out. i almost feel that we've got to work on some of the bullishness. it's not bearish, but i think it's going to be a time for people to do a rotation. i think the rotation is you've got to buy financials, energy during this pause. >> tom, let me just ask you. if you have this little consolidation or mini correction or whatever you're calling it, it sounds like a big buying opportunity. in other words, if bk is bullish for a melt-up, and i see stocks correct 2 or 3%, then would the inve

tom lee is the chief equity strategist at jp morgan and allison deens is a cnbc contributor.ou ever broken out into a cold sweat over the last year and a half as you're bullish stance has been tested. but vindicated once again? be honest, have you ever thought maybe you could be wrong? >> yeah. i mean i would say last fall, a few clients thought we were flinching a little bit. because the market was under intense pressure. >> a couple of times, you did twitch a little. but you would have to, right? >> yeah. >> but you know, i think it comes back to something from march of 2009, it's the birth of a pretty significant bull market. >> a secular bull market since '09. >> it's not a cyclical, cyclical bulls would have ended last year. that's why a lot of people were doing the death watch on the market. about you now as we're approaching the old highs, it's telling us the market can run for another two or three years further and set some new highs. >> once you say, once you posit secular bull market, we need to decide from previous secular bull markets, what type of price objective

. >> i have a painting called price by the great artist tom lee and he happened to look up just as aine stepped ashore, got hit with a mortar round and it was horrifying, mez mer rising. it was an effect that a photograph could never have gotten. it doesn't repulse intensifies the agony of what these heros, these heros went through. >> coming up the live recording of an amphibious assault the academy award earned under fire. you won't believe what you see and hear. ♪ is it fast? it's got a lightning bolt on it, doesn't it? ♪ is it fast? i don't even know if it's street legal. ♪ is it safe? oh ya, it's a volkswagen. [ male announcer ] the security of a jetta, one of nine volkswagen models named a 2012 iihs top safety pick. ♪ got you in a stranglehold, baby ♪ then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost.

. >> i have a painting called the price by a great artist tom lee and he happened to look up just as a marine stepped ashore, got hit with a mortar round. it was horrifying. an effect that a photograph could never have gotten. it doesn't impulse and intensifies the agony of what these heros. these heros went through. >> oliver: coming up, the live recording of an amphibious assault and the academy award earned under fire. you won't believe what you seet and hear. any? wait -- scratch that -- what makes you trust a car insurae company? a talking animal? a talking character? a talking animal character? how fancy their commercials are, maybe? or how many there are? well what about when a company's customers do the talking? esurance customers are saying stuff like "awesome" and "rockin'." and they aren't even paid to. fancy that. esurance. insurance for the modern world. click or call. from america's news headquarters i'm claudia cowen. are a survey shows the average price of a gallon of gas has 18 cents in the last twothe weeks. the national average for regular unleaded now $3.69 per ga

. >> i think not -- >> tom lee over at jpmorgan points out that apple has to be considered its own sector, within the s&p. at over 3.5% weighting, and i guess it's higher now, near 550, it's bigger than materials, it's bigger than utilities. and it really now becomes this big monster that is a problem, you know, it's bigger than microsoft and google combined. >> definitely. listening to a drum beat that none of us can hear otherwise. thank you both. we'll see you later. >> okay. >> thanks, everybody. let's look at the movers and shakers. seema mody at the exchange with that angle. >> less than an hour left in the trading day. investors are talking markets, murdock and bernanke. the roller coaster ride in tech continues with the nasdaq hitting 3,000. the first time in 12 years. the question is, can we close above that threshold. let's actually zone in on a couple of stock stories. staples, earned 41 cents per share for the fourth quarter. 1 cents above estimates held by an increase in north american customer traffic. although the company expects slow u.s. economic growth this year. costco,

here with insights on the trading day is tom lee, chief u.s. equity strategist over at jpmorgan. elcome back. >> thanks. thanks for having me. good to be here. >> you're not alone in looking for some kind of pause in this rally although it's hard to get a sustained one. when and how do you think it comes? >> well, you know, i think that, you know, we're dealing with a market where i think the foundations, like the sort of 12 months, 6 months have really strengthened. employment's improved. we've got good housing data points. in italy we've seen improvements in liquidity. at the same time, the market does have to digest those gains. we'll look for a weakening of the early leaders. when the basic materials and semis no longer respond to news, that's when you start to think the market's going to pause. i don't think it's a pullback. it's more we might be flat and just rotate into other cyclicals during that time. >> have you seen any signs that that lack of sevennsitivity is taking place? >> will is. take tech, for instance. semis were materially leaders in the fall. it's now really

this data, tom lee, strategist at jpmorgan who provides it to me at the beginning of every month, thist. because this has been -- the relative performance catchup has been an important component over the last several years. what does this say? tom says if you take a look at large cap, the fact that they're actually ahead right now probably supports the notion in his view that the pause is coming. again, you've got fully invested funds. you've got funds that actually had a value versus etfs and index funds. herb greenburg listened to that. what does it mean? see you in a couple weeks. what it basically tells me, carl, is that investors are fully invested which is not necessarily going to mean a lot of new money coming into the market. >> that's what you're always looking for. the marginal buyer stocks. >> the relative performance is the single biggest driving factor for those that manage money every day they go to work. it's not the facebook ipo. it's not what's happening in europe. it's how am i doing versus the benchmark? >> good stuff, gary. we'll be following up on that in weeks to

by a friday of conservative heroes including senator rand paul, pat toomey, marco rubio and mike lee and tom coburn and congressman steve king, frank luntz to the political consultant and former house majority leader dick armey. all of them contributed introductions to the various chapters that he will be discussing with us today, so please join in giving a warm heritage welcome to senator jim demint. [applause] >> thank you mike. bike has been an ally since my house days helping to run the republican study committee and i appreciate your help and the heritage foundation is without equal as far as being the best resource for conservatives here on the hill. ed fulmer is here and since almost the first day i walked and it seems like we had some big piece of legislation reforming social security or the tax code measuring dependency, the heritage foundation has the resources to get that done. so thank you ed and mike and i understand bob pennington is here one of the trustees. i haven't had a chance to shake your hand that i know you have been a big help to the heritage action group which is rea

last week we talked about tom lee with the jp morgan data in terms of active managers outperforming the every asset class for the first time in three years. we talked about what was happening with this relative performance. the fact that etf volume is sinking is quite interesting. it's what you may call a confirming detail in terms of the fact that stock picking at least for the last five weeks has really added a lot of value. i think back to those on the air with us, whether it be marvin schwartz, lee cooperman, bob olstein. very interesting. because when you think back to 1998/'99, why do i bring up that period, carl? indexing. everybody was indexing. when it ended and you had a huge boom in terms of stock picking the tech bubble, it was very ugly for those who did not move into active management. whether that's going to happen again, obviously a great question. a confirming detail today, etf volume down, stock picking is back. >> i like that. and hey, after the volume we got on friday -- >> yep. >> much higher than the year-to-date average, highest since mid-december. are you willing

. >> even when lee agree insisted he beat another slave. uncle tom said you can make me do anything but can't make me beat another slave. even today, if you use the term my boss was a simon lee agree, we have a reference idea for who that particular character is. he's an evil person. >> he's a monster. >> he's a monster. question, comment? >> he is a develop loyal man. he would always come back into no matter how bad he was mistreated. >> toward the end of the story,ess mistreated so bad he almost forgot his beliefs in god but he just went through it and forgot about it. >> thank you. such an important stereotype one that lives so long is when you say uncle tom, at least in the '60s and '70s, you were referring to a black person that no matter what white people do, you love -- to the point your destruction. ki kind of a cold deny dem nation. >> i think that's somewhat inaccurate. >> this is good. go for it. >> i understand that uncle tom and that the term uncle tom is to portray a black person. i get that. however, he still -- he wouldn't beat the ot

tom martinez scholarship fund or to matching donor.com. an organization helping patients who need an organ transplant. in menlo park, leenn, abc 7 news. >>> and remember tom brady name will be permanently connected with sarah high school in another way. school football stadium will be renamed brady family stadium where he played. sign will go up in a couple of weeks. stadium playing surface will continue to be known as freight field. >> remembered fondly tonight. >> spencer is here with the weekend forecast. hope you got outside today. still nice weather but cool off a bit. >> quite a bit. still nice day tomorrow but get steadily cooler and cooler until it feels like the season we are i in. live view right now from our high definition mount tam camera. it's shaking because the winds are strong in that he will vegas. winds pretty brisk down at the bay level as well lacking out on to the bay and temperature rate now. live doppler 7 hd we have a wet weather way up to our north up around crescent city and fortuna. we are not likely to see much out of this in our direction but we could have a sprinkle the next couple days ge

percent which makes me wonder what parent lee roseann didn't like us talking about her and tweeted about his three times she said was that i watch my formerly fav pundit tom hartman on fs t.v. mention my green party candidacy with all the smug sexism over right winger she also said tom arbonne so that he prefers a seinfeld show a candidate for president but i am on the california ballot and it's not a joke wake up lot of days and finally she said tom hartman was of course speaking with his guests heritage foundation talking heads such as bill maher regulars hey roseanne get over it and use my hashtag tom underscore hartman if you're going to go after me but you know seriously as you know i'm actually a big fan of the green party and of your politics roseanne and i'm glad to hear that you're pushing for a national single payer healthcare system ending nixon's war on drugs and having the government basically declare a jew believe by forgiving homeowner debt and nuking the fed to do it metaphorically of course and while i think jill stein is going to give you a serious run for your money is it pointed out last night your poll and six percent nationwide which

lee is in cairo. i asked him if the senators have made any progress. >> reporter: tom, not much progress was made in securing that they can leave egypt. the senators did talk to egyptian authorities, but this trip was more about building closer economic ties between egypt and the united states. that being said, they did talk about the 19 americans and after their meeting, they said they are optimistic that they will eventually be released. the senators were adamant that this wasn't their rescue mission, that this solution will come between the united states embassy and egyptian authorities. tom? >> and now to greece, where european finance ministers are hoping to secure another vital bailout for that debt-laden country. the greek parliament announced further austerity cuts, ahead of today's meeting, while protesters and police continue to clash on the streets of athens. jim bolden has been on the story. i asked him how the greek people are responding to the idea of a second bailout. >> reporter: tom, the austerity being imposed on the greek people by the country's lenders is, of course, deeply unpopular. it'

the republican support dot org welcome to the program lee i know you spent a lot of time talking about this alec group on our one of our shows the tom hartman program but we haven't really given it that much attention here on the show so for those of us who don't know what this group is what it does give us a quick summary. thank you for having me on lucy of the merican legislative exchange council has existed for thirty years it's a nonprofit and her a long time it's existed under the radar secession organization that brings together state legislatures station state legislators excuse me many state senators state assemblyman status and representatives together which corporate lobbyists and those corporate lobbies are paired with these legislators and help them write legislation of it's helpful to the whole gratian is that the lobbyist represent oh i'll be honest i am parts well one of the most. famous ones in recent years is. the corrections corporation of america this large for profit prison corporation has worked with now it for twenty years to privatized prisons in states across the country and also to basically put more people

tom spawnseller the head of the south carolina hospitality association, his body was found in an office garage, a parking garage, aeu parent lee enclosed room at the lower level of a parking garage in columbia, south carolina. 1122 lady street. police and his family had been looking for him for pretty close to ten days. there were some questions about some money that is missing from the hospitality association. the secret service is looking into that. all we know at this point is that the south carolina hospitality association head and lobbyist has been found dead in a parking garage. more on this developing story as we get it. when i grow up, i want to fix up old houses. ♪ [ woman ] when i grow up, i want to take him on his first flight. i want to run a marathon. i'm going to own my own restaurant. when i grow up, i'm going to start a band. [ female announcer ] at aarp we believe you're ner done growing. thanks, mom. i just want to get my car back. [ female announcer ] discover what's next in your life. get this free travel bag when you join at aarp.org/jointoday. 8% every 10 years.age 40, we can start losing muscle -- wow. w

lee's play list. that's "the middle." we like his music. good, people should try a little harder than some of the music we've had on. >> tom davis is a coolern a few minutes not to talk about music. we have to get to headlines. christine romans has those for us. >> i'm going to go broke buying all of these songs on itunes. i keep adding to my list. thanks, soledad. another night of bloodshed in syria. government forces clashing with armed demonstrators in the city of homs. they are calling for syrian president assad to step down. former assistant secretary of state, jamie rubin, explained why he thinks moscow is siding with the syrians. >> syria is one of the last places that russia can remember what it's like to be a great power, where it has an ally who has a naval base that it can use, who buys weapons from it, who has close personal relations between the two leaders so that gives them that sense of we're a world player. we have to go along. >>> pakistan is denying a leaked nato report that says pakistan is directly assisting the taliban in afghanistan. the bbc obtained the report, which it says is based on 27,000 interrogations with cap

tom? >> yes. each day will be different. today tall way into the weekend. today sunshine. right now we are in the 30s and 40s. most leendications above freezing, into the 50s later today. clouds tomorrow and light rain likely. moderate showers wednesday afternoon and ending early evening and chilly tomorrow with highs near 50. then sunny, near 70 on thursday. clouds come back, though, friday and cooler. could get rain on saturday and then much cooler with the sun back sunday and monday. >> joe. >> tom, thanks very much. before you head out the door we will let you know what you can expect on the roadways. expect on the roadways. st working in public relations is not for the faint of heart. i love what i do, i enjoy the work, but it's a very hectic pace. strayer university met my needs in terms of my family, my work-life balance. the fact that leading companies are hiring strayer graduates is impressive, but it's not surprising. these companies want us so badly. i'm felicia blow, and i earned my mba from strayer university. got my bearings. ♪ a little bird told me about a band. ♪ an old man shared some fish stories. ♪

lee after your local news. >>> good morning, everyone. 9:57 is the time. wednesday, february 1, 2012. let's go right to storm 4 meteorologist tom are hitting the mid and upper 50s throughout much of the area. just south of washington. stanton, virginia, 61 right now on the central shenandoah valley. we are in the mid and upper 50s, montgomery, arlington, prince george's counties. later today, into the 60s again. and then tomorrow maybe some morning rain and little sun in the afternoon. but cooler and then much cooler weather moves in for friday, saturday, sunday, into the first part of next week. danella, how is traffic? >> still seeing all of your lanes blocked on connecticut avenue at chevy chase lake drive. accident there taking way all of your lanes. traveling i-66 heading east, your delays start right around nutley and had continue as you connect to the beltway. and traveling on i-270 looks much better. no issues for you as you travel through rockville and connect to the beltway. barbara, back to you. >> thanks, danella. coming up on "news4 midday," >>> hello, everybody, it's winesday wednesday, one of our favorite days of

lee are doing a little cooking with >>> good morning. it is 9:57. wednesday, february 15, 2012. we are going straight to storm 4 meteorologist tomow 48 at reagan national. culpeper up to 50. farther north and west, mid 40s. right near the bay, upper 40s. for the rest of the day today, we will have lots of sunshine, just a few clouds in and out. highs reaching the 50s. danella, how is traffic? >> still see something delays if you are taking the inner loop of the beltway in virginia. you can see at little river turnpike very slow. delays start around i-95. travel speed about 35 miles per hour. and to get to the dulles toll road those delays continue. outer loop of the beltway, montgomery county, no problems there. barbara, back to you. >> all right. thank you. coming up on "news4 midday," results of the healing hearts makeover. 11:00 a.m. you will want to see the results. nbc-universal television captions paid for by nbc-universal television >>> hey, everybody. it's winesda wednesday, one of our favorite days of the week. it is february 15th. and it was a big, bag day or evening at least last night at the westminster dog show whic

lee and >>> groom -- good morning, everyone. it is thursday, february 23. it doesn't feel like it. let's go straight to storm 4 meteorologist tom national now 59. on its way to near 70 by later this afternoon. then we will have clouds come in tonight. then tomorrow some strong, gusty winds. may get a morning shower or midday shower on friday. then those strong winds gusting to nearly 50 miles an hour. giving as you chilly weekend. danella, how is traffic? >> you still r still slow taking the inner loop of the beltway past the work zone at little river turnpike. delays on the inner loop start around i-9 5. 26 miles per hour as you make your way to the dulles toll road. 395 is still slow here at edsall. your travel speed is under speed 35 miles per hour across the 14th street bridge. barbara, back to you. consumers today have a legitimate concern about the chicken they eat. they want to know more about how they were raised, what they were fed. we spend a lot of time on the feed because a chicken is what it eats. [ jim ] this seal verifies we feed my fresh all-natural chickens an all-vegetarian diet including corn, soybeans, and m

lee and hoda after your local news. >>> good morning, everyone. 9:57 is the time. tuesday, february 7, 2012. i'm barbara harrison. let's check on the weather now. here is tomre, mid 40s, late mere the 50s. sunshine. then cloudy and chillier tomorrow. highs in the upper 30s and low and mid 40s. could get wet north and west of washington. light accumulation on some grassy areas there. elsewhere little light rain and dry after that into the weekend. danella, how is traffic. >> traveling eastbound 66, right around nutley, you are going slow as you head inside the beltway. you are just under speed at 34 miles per hour. roughly from the beltway to gw parkway that trip will take you 18 minutes to do so. traveling i-95, no issues there northbound or southbound. barbara, back to you. >> thank you. coming up on "news4 midday," dangers of body art from permanent makeup to body piercings, skin issues that can cheeseburger macaroni? [ female announcer ] cheeserburger macaroni hamburger helper. now even cheesier and tastier. helpers. forty dishes, all delicious. gives us the most nutritious of gifts. but only when they are ready to be given. that's why green giant picks

lee and hoda are next. >>> good morning. 9:57 is the time and it is wednesday, february 82012. snow heading in our direction right now. let's go to storm 4 meteorologist tomow now coming into western maryland, panhandle of west virginia, shenandoah valley. it is snowing lightly farther to the west there across west virginia. ahead of the snow temperatures are near 40 degrees around washington. and where it is snowing it is near the freezing mark out of the mountains and here's my snowfall forecast by the time it all ends around ten cloak tonight might have an inch or two on grassy areas only across parts of northern virginia and nearby suburbs around washington. little bit farther west and north. danella, how is traffic? >> if you are traveling northbound branch avenue approaching the beltway, right lane is still blocked by police activity. traveling i-95 northbound, disabled car at powder mill road. also on i-9 a northbound approaching 198, another disabled car. barbara, back to you. >> thank you. we are keeping a close eye on the winter weather heading in our direction. look >>> yes, it's winesday wednesday. february 8th, the wait is almost over. tomorr

lee and hoda take us back to the '80s. >>> good morning. 9:57 is the time. friday, february 24. i'm barbara harrison. let's go straight to storm 4 meat meet tom later this afternoon. right now radar showing just a few sprinkles to the southeast of washington and southern maryland. but we do have a slight risk of some strong storms, area in yellow south and east washington. higher risk of storms with damaging winds and hail and maybe even an isolated tornado. that would be between 3:00 and 8:00 p.m. richmond, 71. rational national at 49. warm air coming our way later today. strong winds tonight into tomorrow. bringing in much colder weather. how is traffic? >> eastbound i-66, seeing delays because we have an accident right at the beltway. blocking two of your right lanes. your delays as you make your way from nutley and head to the beltway. traveling on 395, no issues there. barbara, back to you. >> all right. thank you. coming up on "news4 midday," some of the fashions on displays during d.c. fashion week. during d.c. fashion week. we have a great captions paid for by nbc-universal television ♪ what a feeling i can have it all now i'm dancing