a gunshot was heard from unside of the cabin then minutes later a lot lot of gunshots or explosions goinge. we believe law enforcement is going penetrate this cabin. we're not going give you specific pictures of that. >> jt are you with us?. >> i am. >> have you heard anything? >> we have not heard that. that information is coming from you. that seems like a tactic used in the past by special weapons teams. walls, it could be safe so-to-say walls are going to be well burned to the ground and what they'll do is move had into that armored personnel vehicles. they can tear apart and go through rubble and see if they find any remains or the suspect themselves.:txj so that is again, you cannot assume that the suspect was killed. you're going to approach this thing after events of today with that san bernardino county sheriff office. he's going to go dwoun a fight and they're going use every means necessary to take him into custody. >> a desperate man with a convenient debta. they won't able to let anyone in there until they have 100% certainty they have their man. >> we can in for a long wait

the unsiders are selling, so this is telling you that this rally is getting very tired, and i do believe this dash for trash that i call it, the big stocks, the big metrix doing well, stocks with a lot of short interest and zero dividend payers. they have led the rally. sorry to use the word dumb money but it doesn't look smart to me right now. >> a dumb idea to put money to work in this market? the corporate insiders, they are sellers. >> buybacks are down because, number one, prices are high, so it makes sense to pull back on the buybacks. they have options. don't have to boy, the corporations and remember what happened at the end of the fourth quarter in 2012. the deal with capital gains and other issues associated with the fiscal cliff so it's noimt probable. let me answer your question. it is far too early to talk about the retail investor getting back into the market. this is a tryingle of what's going in compared to the 400 billion that went out. not 199. all these people still very afraid of the stock market. i'm with you, maria. i take exception to calling it dumb money. the onl

coinstar was unsided. it looked to be the split decision because the charts were telling us that they couldn't figure out where it was going to go. the miss wasn't surprising. that would also look to be selling off. liz: talk about the sense in the market and certainly in the pits there about the fact that these selloffs are nothing too dramatic. in fact they're rather shallow. >> yeah. when you look what's going on the market is a in a big consolidation pattern. if we look at s&p we see a solid top 1510 in the future. 1515 in the cash and solid bottom at 1490 in the future, 1494 in the cash. right now the market is trying to make up its mind. we have a real lack of volume and lack of conviction here. the market is poised. the trend is still higher. to fight the overall trend is hard here. what you have to watch we have to wait until you get above the 1510 level to actively buy again. if you want to look short you have to wait until we break the 1490 level. that is where the market is. we went down to 1494

do you believe, do unsiders at s & p this was politically motivated? >> i don't think anyone knows. after the downgrade, the intensity of this investigation significantly increased? yeah, i'm sure the government would say that it had nothing to do with it. we don't know why -- >> but it did increase after the downgrade. >> yes. >> but you don't know why? >> how could i. >> are you surprised moody's -- >> nobody from the government has come to me and said, that's why we did it. >> are you surprised moody's is not involved here? >> i don't think moody's should be involved, and i don't think we should be charged. so i don't know the evidence that the government may think it has about moody's. certainly moody's and s & p were both criticized in a lot of the -- >> yes. >> but, you know, i'm not here to say anything about what happened to moody's. >> how long before we conceivably could go to trial here? >> well, there's a lot of things that have to happen in this case. i would say just based on other occasions, if there's a trial, because obviously we will try to persuade the judge, ther