joining us right now cnbc contributor michael yashikami and nathan back ak-and john and warren myers will be here with us from the floor of the nyc once he's closed out all of his trades for the day. john, to you first. where does this market go next? >> well, we think, again, steady as she goes. still debating the fact that if this is a bull market or not four years into, it we like the fact that transports made a new high. we like the fact that transports are telling us something with gdp at 0.1%. they are telling us that the oil and gas is a real story. we think that the transports are rallying so much because the oil and gas is -- is where the future growth of this country will be, whether it's export or the fact that oil is going to give us a nice growth dividend going forward, you know. we see that a lot of the commodity stocks really haven't moved that much, but yet transports are off the chart, so we think that's more of a u.s. centric story, the fact that japan is obviously going to continue to ease their monetary policy. people are talking about china. japan's wages are 50

thank you, warren myers, very much. >> my pleasure. >> finishing positive for the dow. two days in a row, another all-time high, where the markets are at record levels right now. stay tuned for the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. the rally rolling on on wall street. the dow closing at an all-time high. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the rally rolled on and at another all-time high. take a look at how we're finishing the session with a new record of 14,295. on the dow jones industrial average, a gain on the session of 42 points, a quarter percent higher. nasdaq close but no cigar, down 1.75 points and the s&p 500 also higher, along with the dow, though, it, too, gave up much of the momentum by the close. up on the standard & poor's at 1541. now that we've hit another all-time high for the dow jones industrial average and the overall markets are still rallying, which companies still have the room to run? should you be adding to your portfolio and which shou

we're warren myers. >> what do you make of what today's rally is all about?i think once again, it's a very impressive up day. we heard the fed minutes, we heard bernanke speak. a lot of blame going to the fiscal policy and a few other things. >> a couple of zipperingers the congress. >> which is actually kind of nice to hear. at the end of the day, my opinion is the fed has invested so much money in this support and bailout, whatever you want to call it, that they're going to err on the conservative side. they're not going to pull the plug or raise rates too quickly. and because of that, i think the riskier assets are the place to be, for as far as the eye can see right now, and i think that's positive for the equity markets. >> look at this market right here, 46 points, well off of the highs. what are you seeing at the end of the day? buy on the dip mentality. >> we've seen that time and time again over the last month or so, you definitely want to buy -- if you're waiting for that big sell-off, you've missed a lot of opportunities. and people have finally co

warren myers, do you just stay with this?s stop for sale, so five minutes before the deadline, and all of a sudden, now we've got more than $1 billion -- >> and again, that was fun money coming in for the end of the day and rebalancing and all of that. >> and that's happening, lately. >> it just shows you that there's more and more, i think, average investor money coming into the equity market. and that's just been pushing this momentum that we've been seeing over the last month or so and just continuing this trend straight upwards. >> let me ask you about financials. we'll get the capital allocation plans from the federal reserve in about half an hour. we'll know if a lot of these big banks will be able to pay increased dividends. do you think this will be a market mover for some of the banks tomorrow? >> i think only if there are a handf fuful or a couple of nega surprises. >> i'm hearing that things are a little more conservative for the banks. they're not necessarily going to be raising dividends across the board, because

warren myers, thank you very much. up eight point s on the s&p, up 80 points on the dow. this will be the second best gain of the year. however, will this last? you've got expiration day tomorrow. you've got the stress test results coming out. shelia bair will be talking, our new secretary treasury as well. that's coming up on the next hour of the "closing bell." see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing at another all-time high for the eighth day in a row, the s&p 500 closing just three points away from its all-time high as well. take a look at how we're finishing the day on wall street today. very good settling out here ahead of an expiration at the end of the week. up 82 points on dow jones industrial average. the s&p 500 gaining 8.5 points. the all-time high, highest ever, 1565.15, we're just two points away from that right now on the standard & poor's. and the nasdaq up 13 points at 3

myers squibb. if they work together, they say, a cure could be on the market sooner. >>> warren buff fest will releaseo shareholders. shareholders look forward to hearing from the so-called omaha of oracle. that letter is filled with a lot of advice. stockholders will be looking for signs that he has plans to step down from bircher hathaway. >>> sacramento player kevin johnson is confident that seattle will not steal away the kings. >> let me be perfectly crystal clear -- it's not going to be this team. not our team. [ cheers ] >> johnson says an investment group led by the founder of 24- hour fitness will submit an offer today to buy the kings basketball team. sacramento is working on a deal to build a new downtown arena. >>> 7:51. all right. new developments in the reported rain on the uc santa cruz campus. why the woman who made the claim may be the one in trouble with the law. get whatever yo, baby. hmm. let's just share a 20 piece. [ internal ] 20 mcnuggets, for only $4.99? oh, man. she's beautiful smart and sensible. jackpot. [ crewperson ] anything else? [ male announcer ] mcdonald's crispy, ju