the stimulus funding and you look at the billions of dollars going into other places. the research can't move fast enough, you can't spend enough, you'll never get ahead of it, because things that we accept for granted, we do without question. and occasionally when we question it, such as the on and off again discussion about the blood tests for prostate disease, we get a lot of resistance, because that's not the way we do it. it's the part that's already heavily regulated that tends to be drugs and diseases first, everything else last. and that doesn't strike me as being the exactly intelligent way to allocate resources. even worse, this wasn't supposed to be a diatribe against the effectiveness of research, but i've always been skeptical. these are highly retyped studies, so it isn't at all clear that they necessarily tell you what would really happen to the average patient in the average setting and that's a problem, because that's what you want to know the answer to. is it going to work most of the time or is it not going to work? because things that work under idea

i love it. >> you look sensational. >> look right at camera 12. you look awesome. ing. right on trend to the lighter, brighter hair, a monochromatic. still natural looking but believable. miyuki's great haircut 0 give her some fullness and body. both ladies have this new icy lip color. >> i like that. >> i love it. >> look at everyone crying. >> what do you think? >> come on. >> she looks terrific. >> she was beautiful before. >> you do look like a different person. >> she looks like a movie star. >> you look gorgeous. >> thank you. >> and the hot little dress. >> i'm crazy about this dress. look at it from the side. it's from maggie london. she put it on and said my daughter is going to love this. >> let's bring julie out. julie, come on out. big round of applause. >> thank you for coming. >> we have a star-studded lineup. we just don't know exactly. >> i'm sure they'll be her

the way you look with juvÉderm® xc, might just change the way you look at everything.our doctor and visit juvederm.com. >> well, first came the hit on mitt romney's time at bain capital and now the attack on his tenure in massachusetts. and president obama's reelection campaign is spending more than 12 million on an ad that started running this week in ten battle ground states. the claim, as governor romney had one of the worst records in the country. >> when mitt romney was governor, massachusetts lost 40,000 manufacturing jobs, a rate twice the national average. and fell to 47th in job creation. fourth from the bottom. instead of hiring workers from his own state, romney outsourced call center jobs to india, cut taxes for millionaires like himself and left the state 2.6 billion deeper in debt. >> paul: ouch. we're back with kim freeman and mary anastasia o'grady also joins us, how effective is the ad. >> if you look at it on its own, it's devastating assuming that the electorate is going to be completely uninvolved in the election and actually, paul, i don't think th

you have to look to the software. you have to look to the game. the issue there is they're fads. one day you have a great movie, a great game. the next day a movie that bombs at the box office or the next big game. so i think you ought to stay away from the space completely. >> all right. are social media stocks awkward? other names like yelp, zenga and linkedin have suffered double digit losses what is up with the social media stocks? >> i think people finally starting to look at can they possibly really give you some of what everybody talked about before the release of facebook when they were talking about can they deliver? can they actually deliver on the ads? is the multiple something worth investing in? that's a question that more and more people are bringing up now that you're watching the absolute decimation of facebook from that $38 ipo and now trading well below those levels. people are starting to look and say even at these levels maybe it's a little expensive. >> the last time i was on, i thought groupon would hold $11. it's up 6 o cents today. i mean the space is hard

are you kidding me? look at that picture of your mom's hair from the '80s. ere's an easier way to save. wooohooo... geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> interesting moves here on the dow. we've basically almost halved the losses in just a few minutes here. we were down about 45. and as you can see we've started heading down again. however, the market may well be bottoming on the session. let's check out what's coming next on "street signs." brian, good afternoon. >> good afternoon, simon. thank you very much. are we in for a big summer swoon again? it may feel like deja vu again for the markets, but we're going to show you why it might be a good time for your money this time around. hey, corporate america, stop your whining and start hiring. we are going to take a look at how ceos can step up and put people back to work and also why they're reluctant to do so. and should america take advantage of all this free money, right, and borrow its way to prosperity? we'll debate whether it's time to double down on debt. b

you? >> big issue. many looking to the long-term a flood of employees selling shares, as a technical matter bring down price shares by the end of the year. >> gene, last word quickly. >> valuation longer term, basically trade in line with overall market. if they do reaccelerate revenue, which we think they will, we think the multiple goings up and stock goes up. >> brian, gene, thank you so much. we'll talk to you again soon. trade this for me, where do you come down on facebook, tepid overall was the response from the street and underwriters. >> yeah, a lot of clients own this stock at 38 just want to break even and dump it. very difficult to break through 38 in the short-term. >> steve. >> what's interesting if the stock held print, you would see sell and print. the best recommendation we're seeing right there. $41 bucks, below the initial print of $42. >> murphy shaking his head. >> the way the ipo went down was a mess, from the get go. didn't go well. opened up at 32. analysts came out, discussed it briefly late

do you look like a genius then? ing airline investment decisions based on oil prices. you could do it and make money. it's not something i ascribe to. in terms of how airlines trade with fuel they have not been correlated with fuel. only when fuel is expensive or cheap. as you look at the industry transforming it comes down to a simple thing. can you pass through the cost plus margin? as airlines roll back the hedge books which they did 10, 15 years ago they improved the ability to hedge fuel. as the hedge books come off which is what we are now seeing, airlines will act more rationally passing through fuel costs. hopefully the fuel equation becomes less of something people are paranoid about. >> we're going to leave it there. thanks for coming by. one of the top stock pickers. an options trade on ual. scott nations? >> that's right. ual continental got pummelled yesterday on dismal outlook in general. i will suggest something we don't do often. that's sell a covered call for stock rehab and sell the stock we own. be

if you look at it looks like everything is moving around . even t wsaheris se suesriut s tfr o pecte. if you go back 2,000 years and convince people the earth is round would that be easy or hard? nearly impossible. of the earth is round why don't the people on the bottom fall if w i rou w d thoneslide off. is counterintuitive. iridium experience tells us we are not moving or falling off, earth is flat and standing still. olisouea we are notaturally e war and murder and genocide? if you look at the u.s. one of the most violent cultures in history what is the murder rate? 400,000. is relativelyare. if many people ask how does a ieectestn peace? as a child -- growing up living with him is frightening. i was thinking about the problem of work and many people aske t se on people join the army. we need war to end work. think about superman and batman? eyseio hee protectumany? method. we are taught you need violence to stop violence. st soldiers want peace. if you look at worldar ii most ieoithmyin ty er recruiting in to the military is very high. lo

have a hedge you look to make money you look to not lose money so you should be roughly equal it should come out at zero if you do it right but they were actually making a bet and he said that in his own words so now i think that's really interesting because we can just dismiss the whole hedge thing it was a unicorn hedge it doesn't really exist doesn't exist put it out once and for all exactly it was just a bad and senator menendez said you said it morphed did it morph into russian roulette right again taking that issue of risk. right so you're actually making a bet are you acknowledging the risk because when you and i talk about risk we hear the word risk when you say that to a banker they hear reward and that's exactly what was going on there that said it seems like they have fired nearly every person related to that so we have to see it's really hard to look now into the future and see if that will happen again because all the people responsible for it before are gone so it's really hard to tell what situations could occur again at j.p. morgan to convince them to tak

if you climb on the edges of the rung, the ladder will go this way. look up so you know where you are going and you can see where you're going to climb. walk vertically. don't step off to the side of the ladder. kind of common sense. make sure you read chapter 7 through the . >> this class is managing a disaster. what happens and how do we fit in? emergency operation plan, everything is going to go through the mayor. you have the office of emergency services, everything is supposed to come together over on turk street. that's where the ham radio base station is going to be. that's where they will have a set up. they will be communicating with all the different emergency response districts. that's where we fit in. we're going to fit into this emergency response staging thing into nert staging districts. each response district has its own little (inaudible) then the nert groups are broken up into the corresponding emergency response districts and they are located at our fire department, battalion chief stations, basically there's a battalion chief there, he

so you look for safety first and foremost. tive, other lines of business, what sort of opportunities are you taking advantage of given bond yields where they are. you're creating products, for instance, that fills the need or desire for safety but with some yield? >> abshutly. we're looking at this as a 3-5 year time prize. the financial services landscape is changing aggressively. the regulatory environment is changing. in is an opportunity for us to gain market share and wait for when the business cycle occurs again. that's when trading volumes will pick up substantially. >> you know, shawn, talking franchise, you think of as a fixed inside shot. so what is that ten-year, 1.5% yield telling us. a lot of people are asking the question, what's your answer? >> it's telling us there's not better places to put your money at this point in time. i think from a long-term perspective, owning the 10-year at 1.5% is clearly a losing trade. now, at this point in time, we have a carry trade on. we have occurred flattening because of that.

disney or entertainment -- >> oh. >> i think if you look at news corps, you split the companies up andeasily by disney. >> hitting on all cylinders. they are just clicking. >> coming up, we have an apple related bull market in a metal that might not yet be on your lay dar. >>> coming up next hour on "mad money," he is scanning over details -- >> investment banks betting on a bull move you probably have not heard of. surging sales are driving the metal's price higher. >> thanks for having me. >> in terms of lithium prices, how can investors track what the prices are doing? >> tough to do. we have actually learned to attract some of the shipping costs that is recorded by insurance companies in chile because a lot of the material are shipped through augusta and chile and that is a proxy that we use for covering the price but there are a few companies that report the price. >> there are very few pure play ways. i am curious if companies are securing their own supply of the metal by buying stakes in some of the producers directly. >> they are starting to. you are starting to see some of the

when you look at foreign policy, you see osama bin laden was killed under president obama, not under president bush. if you happen to agree with the execution of gadhafi in libya, you saw that under obama, not bush. the withdrawal of troops from iraq, under obama, not bush. you begin to see a dialdown in afghanistan, under obama, not bush. it seems to me even if you don't agree with all this positive, it's sort of difficult for me to imagine that this wasn't a successful presidency. >> well, what's success? you can go to school and get 59% on a test, you still fail. you need to get above a certain mark. that number-one mark when it comes to america in the last four years was supposed to be economy. we had the lowest amount of workforce participation since the 1980s. unemployment is going down because people are jumping out of the workforce. that's not an encouraging sign. now we're talking abanother recession on the horizon. that's going to be the marker he's going to be measured by. although there have been successes, don't ask, done tell i believe was a good mark for him to put int

if you look at religion or mythology, if you look at satan, if you look at -- the one thing they haven common is their all great to see the. the fundamental nature is deception. that's the difference between waging war and waging peace is you can't use deception. gandhi new energy get to go head to win hearts and minds, and you can't win hearts and minds bikes deceiving people. you have to build that trust that allows community and cooperation and peace. so, i consider myself pro-military and antiwar. people of something that doesn't make any sense. it's like being pro-farming and anti-four-star. for example, martin luther king, jr. was very antiwar. martin luther king, jr. was anti-vietnam war and anti-all war. but did you know one of his favorite television shows, one of the few television shows he would let his children watch was a show that glorified the melted. issue he himself like. a show that portrays people in the military with exceptional noble qualities but if you're be said is the work, please don't give it away. a television show that glorifies the?i military, let his chi

to show you what they look like. on, off. this is a safety box you can't get it open until you turn it off. a couple of screw in fuses. this is a cartridge and screw in fuses. here it says on and off. pull it out stick it upside down and stick it back in. circuit break /-rs this is what most have. you have the meter. that's how pg and e /khrarpblgs us. you have the big main. usually there are 60 or a hundred or 50. the little guys are 20-15-30. if you want to shut off the power you shut off the little guys first than the main. when you throw a switch there is the arch. like water when water flows in an old house any you shut it off quick you get the hammer effect? that's like electricity. is it safe to do it if you smell natural gas? show of hands. >> nobody has their hands up. it's not safe to flicking any switches if you smell natural gas. how about if there is smoke coming out of an outlet. if you shut this off in an area where there is no gas, good idea. >> just about anything can be a hazardous material, cleaners, solvant

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when you do that, it looks worse. when you compare every recovery since world war ii, at this stage, it should be cooking with gas. >> what about the 600,000 people that reenter the job market that's part of this report sf. >> that's good news. we need great news at this point. we expect great news at this point. every single report, or most of the big rejections that the obama administration has made since the stimulus, we've undershot performance. at this poi it's starting to become a referendum on economic policy. it's one that the administration is losing. >> let's pivot on the point about the stimulus to you, beth. the president saying the stimulus would keep the unemployment by low 8%. we can clearly see it's going the other way. >> that remains to be seen. this is a big setback for the president. in the last few months he's had a much better report to work with. he's had modest improvement. but still improvement. this is going in the wrong direction. so that just reinforces governor romney's argument that things

when you look at the polls today. obama looks like a winner. d you can't underestimate the subtle impact that has on casual voters. the attack that has tested best with focus groups incompetent in over his head is now in tatters. the fact he looks competent and looks strong. look at the numbers today. a couple days ago health care was around 30, 28 the inindividual mandate. >> not only does he look like the winner, mitt romney runs the risk of looking like a right wing whiner. a lot of people want to move on. and having nothing to say about the key issues except platitudes. winning -- there's nothing. better than winning in politicsç >> is there anything better anywhere than winning. >> but they want the president to come across like a strong leader. not to be pushed around. romney's outs there pandering to the base, flip-flopping on the mandate. >> i'm with you. you know, i remember -- i'm older than you guys. working for carter as a speech writer back when i had that hat on, i got to tell you, joe. when he lost that marathon race, that 10k rac

so how would you be playing this vol? i know you're looking at this typically from treasury and credit spread perspective, but, you know, where do you think is the greatest opportunity, probably not there but probably more into risk assets? i'm not sure. >> yeah, you always look at the vix, call spreads on the vix, futures. i'm not really a vol guy. i would say 1340 on the s&p is a real big level. we failed up around this level a few times. i think if you get north of 1340 i'd want to be -- i wouldn't want to be long vol. >> oddly enough, 1340 to larry's point is the correction of the recent low we made at a 1266.74 in the 52-week high. that number rings true. but i think you're sort of in the somewhat apocalyptic camp than i am. what's the worst case scenario for all this if it plays out? >> the worst case is the span irk banks have so much of the spanish bonds. it's such a large amount that the bond market doesn't trust them. they can't come to the capital markets over and over again to issue paper. the ecb has to come in and give them a bai

are you looking at the banks thinking the second half may improve? >> i love looking at banks when they are beat up. i still look at them as phenomenal trades. look at j.p. morgan for instance. the other day we talked about everybody being negative on j.p. morgan. the whale story. stock is below $35 a year. today we were up towards almost a $37. these are great trading opportunities. when we see the paper in the bank, all 40 days or less, people are very rarely going out into the january options we see a little bit of that but primarily in the very, very short term. phenomenal trades. you are probably don't go wrong with j.p. morgan, wells fargo, u.s. bank or any of these. look for the day wres j.p. morgan is oversold and everybody is bearish on the company. then can you look back and say there be catalysts that stand out. look at asset managers. like a black stone. black stone is extremely boring stock. stocks about $13 about over the last year. the reason i know that is i own the stock. i bought it at 1278 about a year ago. but i get 3% dividend dea

corn has been a stand out when you look at what happened to december corn futures and that 12% surge ave se've seen. it has ruined some of the crop for the coming harvest. we're also looking at what happened in terms of the first crack to reflect this no progress. >> thank you, let's get to brian shactman with a report. >> of course housing has done extremely well in the last couple days. look at d.r. horton. upgrading from positive to stable. there is a 40% chance it will upgrade their ratings in the next 18 months. you see a little boost in the afternoon after it was very high at the open. >> thank you, great synergys here because we're talking housing and numbers today on the heels of that better than expected report. so is it time to get back into this sector? is it too late? we're talking members with ennis tanner, and ken, i'm going to start with you, did we learn anything from the report? is it just company specific, or are things looking up for the whole sector? >> things are continuing to be positive. so lennar's orders were up 20%. that beat us handly, and up roughly 10% yea

>> if you look at the 13 rules, just take the first one and last one you essentially have the book. says it will look better in the morning. no matter how bad things look. go to bed with an optimistic attitude, convey that optimism to your followers and it will look better in the morning. >> jon: you're not a drinker, are you? (laughter) because when you're a drinker it's actually reversed. (laughter) >> it doesn't mean things will look better in the morning, it's an attitude. and the last rule, 13, says perpetual optimism. always be being optimistic. it's a force multiplier. in the military that means you have leverage to change things and so all of the rules say be optimistic. have confidence in yourself. train your people.lrp be kind to people. pretty simple rules. they were in my first book but they were just little listing. this time i expanded the whole chapter. >> it's interesting. we've had on a bunch of guys from that administration, a bunch of people that were involved, obviously, in the runup to iraq, rumsfeld, dr. rice, john bolton, richard pearl, doug fife. there's a lo

the analysis is just plain old supply and demand you don't hear a lot about it noise aside when you look at production since two thousand and six global crude output has pretty much been flat and you can see that more or less in this chart of opec crude oil production since two thousand and five it hasn't changed very much over the years and in fact today opec which is the organization of the petroleum exporting countries and which sees itself as the oil markets prime regulator they met and according to media reports members agreed to maintain their existing oil production agreement but they pointed to a possible emergency meeting should oil prices fall more let's get a sense of where we really are though what plays into oil prices what we're looking at long term in terms of oil availability peak oil and what energy and resources we can look to in that case we have byron king here he is editor of a gore a financial outstanding investments an energy and scarcity investor he's also a harvard trained geologist a former aide to the u.s. chief of naval operations and why isn't all things ener

for example they're in excess of ten billion dollars when you look at the problem conti g.d. i put for you the e.c.b. it's in excess of six hundred billion euros and l.t.l. is one chilean fuel and one third the e.c.b. is buddhist one not that i contingent liabilities of judgment they have a material eyes but they can do live with these so the situation actually these quite difficult to cope with deal with but yes that are ways out but we have to understand that there is a secret legal us a little part of a little bit of a goose if i go to you you know when germans were. goal really likes to hit the wrists of the of the greeks of the spaniards would anybody the weak links in the euro zone put germany has been the greatest beneficiary of the euro and has every interest in keeping it it just wants to control the rules of engagement with the currency that's a couple of things first of all you said earlier that you know you surrender yourself aren't you to brussels and i don't think that's going to occur you know used to render your sovereignty to a broader world can nationalize t

at that point you would look to get out or do you revisit all of the information? >> i would be revisiting. we are looking at a 1440 as a target. >> what indicators. >> the equity only does. by that time i would assume that you have quite a bit of call buying and we just to to see if it had got on the an extreme or not. because, as the margt is, it makes rounded tops and spiked bottoms. the tops are a little bit sloppier to discern. >> larry, thank you. >> top of the show you said they had become too extreme. >> i think that it is room for the risk assets to go higher here. with as we head, bring your calendar and this will have a lot to do with it. >> this has been an awful quarter. >> coming up next. when we come back we will talk to the analyst. stay tuned. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! put it on my spark card! [ high-pitched ] nice doin' business with you! [ garth ] why settle for le

you look beautiful. oh, thank you, karen. do i look beautiful? you look okay. you look gorgeous, mary. why are wedding dresses white? because mummy says it's a bad color, 'cause it shows the dirt. that's true. i mean, it's not very practical, is it? and also, why are wedding dresses funny? funny? yes, because when i asked my mummy and daddy in the car would the bride be wearing white, they said, "yes," and started giggling. did they. and they tried to hide it, but i could see mummy's shoulders weaving up and down like this. right. great. right, ben, little reminder. gravel. confetti. only you seemed to get the two confused at your auntie sandra's wedding, didn't you? and when the priest says, "does anyone know any reason why these people can't get married," no shouting out funny answers, all right? you mean, like, "she's a man!" yes. exactly like that. you're very lucky your auntie sandra's got such a good sense of humor. karen: who's that? that's sam. we used to go out together. how many of your boyfriends are here? not many. a few. a few. what about-- what ab

if you look at the u.s. yield curve, last year we flattened -- last week, excuse me, we flatteneded 26 basis points. all this is telling you, folks, again, not to get overly wonky on our jargon, it means global growth is really being held in question. if you look at a three-decade chart on the 10-year, it actually tells you we're in a trend that could go lower. this is why people are so off sides here. because we're talking about policy which is a coin flip right now. we're talking about fundament ams which look interesting. but we're talking about a bond market which looks way overbought and yet can go higher. >> with that said, if bernanke does act, will it do anything for the markets? let's bring in dennis gartman of the world renowned gartman letter. he's on the fast line with his take. dennis, you say it's a fore gone conclusion that the fed steps in. what form would this stimulus be in given where rates are? >> the first question will be when will it occur. that's going to be we have two more fomc meeti

you look at the scripted dramas and they are incredibly high caliber. d you work with your husband? >> i would be so lucky to have him be writing for me. it's -- i actually say to him when we watch his show. i say do these actors know how lucky they are to have these words? i just feel like i cherish our marriage so much and i've seen a lot of relationships in the past kind of be -- people who had been together for years and then they work together and it's over. you're like what happened? and i feel like -- it's like church and state for me. i sort of don't want to mix the two. i sort of don't want to jinx it. doesn't mean we won't at some point. >> it's interesting. when we sat down and talked, you guys didn't talk about work at all. current events, talking about diets, health. >> we don't talk about work that much. people tell me what he's doing. it's a little irritating actually. >> i know. he's always busy. >> sometimes i'm like can you read this for me and he puts it off. >> he's a busy guy. coming up, i want to talk about aging on the big screen.

if you look at all the different value recapture mechanisms that are in place? and does this tell you anything -- does this tell us anything we did not know? >> yes, it does two things. one is that it does support and maybe go beyond what we had been assuming for the property values that we have been projecting. so the work that the group has done on the past to give us the values on the properties. in fact, when we talk about the premiums in the things that were incorporated into the condo sales prices that led us to the individual values that we expect to achieve, it supports that and beyond. >> ok, so i am interested in the "and beyond." >> i think to answer your question more particularly, we looked very carefully at the word that we have done for the tjpa in terms of land values and property values, and this study parallels the kinds of premiums we have been anticipating as part of the residential and office premiums that have been assumed in the prior work that we have done. and the other part of the that we did is we looked at, for example, the millers --

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looking at doing stents compared to the acute cases. and also the stents, whether the drug or the bare metal, if you want to look at outcome as mortality, there's probably not a big difference. if you want to look at outcome as to whether you need another procedure, then there is a difference. so what i'm getting at is the data. and getting the data also to the physicians is very important. and one of the things we have done over the last 35 years is to develop guidelines that look at the science and try to translate that science into what you should be doing. and more recently actually taking those guidelines and develop what's called appropriate use criteria and we use those in the five recommendations in the choosing wisely which has been mentioned. you can actually set up some continuous quality improvement aspects with the physician. and by giving the physician their data on what they're actually doing and what they see how they're doing against the norms and whether they're using the procedures, the investigations, the imaging appropriately and you can actually get them to improve their care. we found that just giving a dashboard

you do? stop, look, listen and think. any time you pull up to an incident or you see something, you take a breath, assess the situation, use all your senses and think about what you are going to do. those are all components of what we call the size-up. there are many components to size up. what's one of the components to size up? gathering facts. you want to assess the type of damage there is. what kind of situation is it? what is the issue? is it a medical problem? if it's a medical, is it a big hurt or a little hurt? is it a rescue situation and if it's a fire, do you have the resources to control or extinguish that fire? how about your situation, do you have all your people? do you have all the resources that you need? have you collected all the material that you need if you are going to start doing a lifting exercise because someone is trapped? because you never start a rescue, you never start a lifting exercise, never start anything, unless you know you are going to be able to finish it, have enough of the resources t

but if you look hard, particularly those of you are going to go to the exhibition afterwards, if you look on one side to see the incredible punk can-can clothes, while, exciting, a waterfall. then you look at the central lie all which is the per region and parts, you'll see the extraordinary crest -- kraft mentioned that can turn address and to have a jacket and half the skirt or can make a trench coat one of jean paul gaultier's iconic pieces and send it that is a trenchcoat but is also a pair of shorts. these kind of things, they're not tricks. their works of extraordinary skill. if you search in the exhibition, you will find that. you'll see the very early years that jean paul spend when he was learning paris couture. eglin said this young man looking very serious as he sits -- you will see this young man looking very serious as he sits and you will realize this is not a miracle. there was a solid basis. the other thing i want to say is that, you know, they're not many designers are around here changed the course of history. because when it comes to fashion, yes, there are lots of

we will tell you where to look and his picks might surprise you.> per welcome become to fast money. live at the market site in times square. that was the trade of the day a couple weeks back. a week ago. a huge pop in the share in the after hours. >> there is a story on bloomberg tonight that said they have rejected a bid from a competitor that for north of $20 a share, there was that reuters story last week which is why i highlighted it. if management is listening, there is a lot of smoke and you need to clarify what is happening. if you are for sale, you need to say you are for sale. we need direction here from the company. >> at the same time, what do you do with the trade? >> i will hang on to it. >> you are? an actual offer will come through? >> it sounds like a competitive situation. i think we will see more. >> let's move on to the next trade. a mobile phone carrier getting to the iphone game. according to reports, print will be announcing that the virgin mobile brand will be the second carrier to raufr the service. this will change the tele

you will. but let's look at some others to put this in context. this is the stock in relation to the smoothing mechanism. the average. in principal, the question is, how far above trend can you get or how far below before you have mean reversion? take a look at the 10-year chart. how far above or below the smoothing mechanic anymore can you get? here's the answer. in the last decade, this only happened 15 times that the stock has been 12%, which is what it is now, above its smoothing mechanism. if you look at how walmart behaves three and six months after that, it's down every time. long-term chart, this is since the big run-up when they were taking over the world. we have approached the all-time high. in principal, when you first get back to a well-defined epic high, you respond to it. you don't exceed it. mike? >> well, it's interesting. walmart for quite some time traded at a discount to the broad market. right now it's trading at a premium. just under 15 times earnings. that's kind of interesting. what's also interesting is they have seen a gro

the european vestment bank and that increasing capital can go to major infrastructure projects if you look at for example. you know high speed rail connections in europe they don't exist in most. we did this better than say frankfurt so it's not to be done let's use a real we this is again i think everybody would agree all these things are given but who can do it ok ok there's the european parliament which most people in the there are represented in the european parliament you do not know who represents them there ok i'm sorry it's not a real parliament yet it's got a long way to go we don't have a real we don't have a real president of the european union we have figurehead so ok we did how do we get that how do we square the circle is there because a lot of people say there is a democratic deficit in. half let's just forget that the european union is a political union apart from doing this kind of the monday union the main thing that is a political union has its intuitions and it's run. if i may say it's run by twenty seven governments which together and. decide all together that's not i

when you when we look at the euro crisis today much far put into what could go wrong because it seems to me that we have nineteen emergency meetings. nineteen. and everybody keeps looking over the cliff and we keep hearing a solution is in sight and then we have another emergency meeting when told went so wrong. i think there are. two factors that are played one is political and the other one is economic the political one is that i think we have to keep in mind that democracy is a very slow process by stuff mission and european union is is maybe too democratic for song good which plays adversely most people would say it's the world versus now i don't think so but i still think so at least during the outbreak of the crisis that was definitely the case so that meeting at the meeting as you said decisions that the markets were expecting were not coming up who said one word money for the markets is it working for the people i guess one of the things i always hear what the markets think but when i say people i'm not a i'm not a great fan of markets that people understand it because i think

can see if you look around, it still needs some manicuring. it is better than i have seen it in the past. you saw at ft. ward, how well taken care of it is. it's a city park, actually. the city does a very good job of taking care of ft. ward. other forts, depending on who maintains them and how good a job they do, can you see a lot. some places it's completely overgrown, and you really don't have a good idea of what you're actually seeing. we're coming down to the water, to the potomac river, and if you look across the way, you'll see alexandria in virginia, where i mentioned that at jones point was battery rodgers. jones point would have been up in this direction on the other side of the bridge, actually, where jones point with battery rodgers was. the forts went off from there. it anchored the defenses on the virginia side, and the forts went all through alexandria and on over toward arlington and back to the potomac river and across. they actually had a chain that they could put across here, across the potomac, to keep the ships from coming