so at a certain point and even tony dwyer, if he were there and he was watching now no doubt will say're right, it will end horribly and my only point is i think it does quicker than people think >> to your point >> so what banks will do right now is they'll make a whole bunch of dunky loans that's going to be the next 6 to 12 months because they don't have those necessarily to do it anymore so they'll try to do more loans and get volume rather than get quality and that happens every cycle. this is not unusual. >> the banks took a hit today after disappointing earnings our next guest was the man who said to fade the banks exactly one week ago. >> what we know is of course, financials have been the dream with industrials and they've been a real misfortune for anyone who has been long and overweight and i don't think that will end. >> good call, but he is back with a new call. hi, carter. >> you can't flip and flop too much, obviously, but i'm surprised, frankly, how well they recovered intraday, meaning we know that the financials are out of the gate with the big earnings reports are d

he has one simple chart that points to new market highs so let's get to the plaza where we find tony dwyer chomping at the bit to give us his uber-bullish thesis tony >> it doesn't feel uber bullish and the market has been up 4% in the last week and being at the top end of the range i really kind of wanted to go through earlier in the year we were on the show very cautious thinking we were going to correct because there was a ridiculous level of economic and market enthusiasm and that's been checked off. you have the investors intelligence bulls which are the newsletter writers as investors were 66% and they got down into the mid-40s this week. bounced last week and the sentiment is unableable amount of earnings ahead. twraen your 24% growth rate and that's the operating profit and steve says that's a important thing and that puts our core thesis in play >> i proved it in the banks, the market moves with the direction of earnings and at long the direction of earnings is going up >> so what i want to take a look at data behind it. a as you know i'm all about the data that's your '90s this i

plus wall street's raging bull tony dwyer is here and he'd rather recite -- >> love that >> the best chance to buy could be just around the corner and he will explain, but first, we are in the middle of the busiest week of earnings season and it's been judgment day for a lot of stocks out there we've had big winners like eli lilly and big newsers like netflix which is down double digits since its report last week >> gilligan's island >> one of the wholosers, and bog is up 6% and facebook up 6% and gilead up 9% in the month leading up to earnings how do you separate the future winners from the losers here and no other way, trade it >> no other way at all >> the only way -- you've got to buy it >> it's probably the best and most adept to play in this game and we'll kick it off with guy facebook is reporting earnings tomorrow trade it or fade it. >> trust it or flush it. you like that? is that better >> because i had buy it or deny it and nobody liked that >> that's something else. >> we've had this conversation >> trade it means you want to own it fade it means you want to sell it >> f

plus wall street's raging bull tony dwyer is here and he'd rather recite -- >> love that >> the bestuy could be just around the corner and he will explain, but first, we are in the middle of the busiest week of earnings

." >> such as >> how about tony dwyer. >> no i'm talking about what other shows. >> oh. with uney >> where's he at now >> canacourt 3200 is going to get a lot of investors off balance. especially those who think the market might be rolling over so i think that'll be the shocker that most people don't see coming down the pike >> trade, you worried? >> about trade >> about the trade wars. you look at that, right? grasso doesn't look at that. adami didn't look at that much they don't look at fundamentals. >> we do we constantly look at fundamentals you clearly do not watch "fast money" at 5:00 >> i dvr it. >> that doesn't mean you watch it. >> that's true >> we might not be concerned over it because there's inflammatory headlines involved around it. >> and that has been the trend to look for the trade war dips so far >> i think it's providing a great buying opportunity i think that's weighing on the markets. and at the end of the day, i think it's a negotiation if china is not going to be able to come back and tax as many goods as we can -- i look at it if i'm china's best