i have bearish positions on zillow and yelp, i think these are critical technical levels. they act poorly, i think they will go lower. that's why i look at pan dora. they reported last night, the guidance was light. but here's a stock that's actually just a few percent from the 52 week highs, which most of these are not. one of the things that's interesting, we talk about after events. we have a chart of implied volatility for the last year of pandora, results were out last night. implied volatility is back towards the 52 week lows right now. it's making on a relative basis, you know, option purchases in a name like this more attractive. >> sure. so what's a trade? >> i think you want to press this short, look at the chart. i want to make a play for a move back to 25, i think if it breaks there, you could see the thing start to snowball. today the stock was $29 i bought the december 29 put for 1.60. my break even is 27.40. 1.29, i lose the whole 1.60. but if this goes down implied volatility will pick up. then the opportunity to spread it by selling lower strike put. >> th

pandora giving up almost 2%, and it had company in that space, zillow also lower on the day. investors are clamoring for stocks, why are they shunning high flyers? could that open a pandora's box of its own? it does seem investors are suddenly turning away from momentum, just as the markets are heating up. >> it's interesting, there is probably, if you look at stocks, the web stocks, solar, they caught headlines in the last few months, they had fabulous gains, they were leading i think a lot of this conversation about speculative bubbles forming in the market. in some ways the price action, the s & p makes new highs right here, and these stocks don't participate, a lot of people make the argument, that's actually bullish, you're seeing rotation outs of this. it is bullish. we closed at a high today. these stocks can't get out of the way. so to me, i think we tend to be skeptical. there is plenty of opportunities to get short things in a raging bull market. so to me, i actually think it's bullish activity, but i think there's opportunities to make money on the short side. >> d

please step up to the mic. >> yes, zillow only list my unit value. we came into the building after the other person. the entire building was about $1.8 million. >> what was paid for? >> yeah. >> okay. all right. thank you. >> can i say one more thing also? our building has already been, the approval has already been granted neeng meaning the review from the board has already happened where the history prior years it's. >> colleagues, any final question. i had one final question around the ellis impact act. if the eviction occurred during the conversion, it would be pre -- have you heard anything on that? the ellis act eviction doesn't have any ability to convert. i want to understand that a little bit better. >> john from the city attorneys office. the ellis act primarily comes into play with this current ordinance in two different ways because there is two different kinds of buildings that can't take advantage of the expedited conversion process. one trigger date is november 16, 2004. if a property owner who is currently trying to convert actually e

zillow says there's no national bubble.lling 30 days faster. >> john bermen is my friend and host of cnn's "early start." gentlemen, rich, let me start with you, janet yellen said she doesn't see any bubbles but she also said the fed won't be afraid to prick them in necessary. is the party here or does the party keep going richard? >> oh, the party keeps going for some sometime. nobody wants to take any risks with this recovery. but this question of whether or not there are bubbles around, it's always an ex post facto, you only realize a bubble is there after it's gone and you're sweeping up the mess. when the price got sky high, people still thought they were a good bargain. the problem is how do you prick the bubble without deflating it completely? how do you take the air out of the balloon gently? >> if only i had an answer. >> very, very carefully. especially in a place, john, where you have all the dysfunction, right? going pretty gentle going over there. have they decided this would be the next fed sheet? >> yes. you

i went over zillow, yelp, pandora, all of the social and mobile ipos.very day, every one of these the opening price was a sucker's play and over a year it was cut in half and you could get in at a much lower price. ultimately, yes, they all realized their price. you may say i don't mind getting the deal and averaging down. if i got shares of the stock when i used to be a hedge fund operato operator, i would flip it. >> i was talking to some of those hedge fund operators, you say i'm going to call in my favors get as much of an allocation as i can but i've also heard a few more nervous tone from some, even for going in as much as they are. it may have gotten so frothy that there's a bit of concern. that it may not live up to the billing. let's see. >> the trajectory, you know because you've done more work than anybody, the trajectory is clearly positive. at the same time, everything has to go right. when everything has to go right, it tends to be more difficult. we know there are some good articles today about how goldman has the real skinny. you know wh

yelp has got it, zillow's got it, facebook has it.ht or nine companies that have figured out the holy grail. and this one is ground zero. >> the best time to buy zillow was when it was beginning to prove it could monetize and grow more rapidly. that's when the stock went up to 24. >> that's right. and stocks were halved. a lot of stocks were halved during that time. >> bob miss ipisani, you say we getting close. >> 45 1/2 on 10 million. getting close is the word. we have been in this range for some time now. what's taking the time? >> we're focused on valuation. in this dollar range between 45, 50 and 46.50, this is where buyers and sellers are coming together. remember econ 101, the value is where those two intersect. we're saying now the value is expected to open in that range. >> we're talking 10 million to sell at the open. 70 million is what was sold minus the green shoe. we're talking about less than 1.5% of the value of the company being sold at the open. in other words, this is a pretty small amount of stock. >> these are shar

zillow. now it is higher. we have got ten seconds. >> i'm melissa lee. see you tomorrow at 5:00. don't go go anywhere. "mad money" with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm trying to save you a little money. my job is not just to entertain but to educate and teach you. so call me 1-800-743-cnbc. where can we find the best growth right here right now? isn't that the be all and end all behind so much of we're looking for in the stock market? including today when the dow sank 21 points. nasdaq advancedn .08%. it doesn't matter where we find growth. we always love it when we see it. tonight we hear from regeneron, not only has drugs that are making fortunes for shareholders right now, it also has drugs in the pipeline that could keep that growth going for many years to come. game changing medicine

that according to zillow.mortgage rates, rising prices and very low inventory has competition fierce as buyers fear affordability will only get worse. the national average in september, 86 days on the market. down from 1916 a year ago. where will you have to act the fastest? san francisco. homes there stay on the market barely 48 days. next, sacramento and then dallas at just 60 days. where do you have a little time to spare? the new york metro area. that's including northern new jersey, long island and a few northern counties. about 151 days on the market. then kansas city and cincinnati, ohio. the folks at zillow say be ready with your financials in line, but don't bid out of your comfort zone. the supply situation should ease in the new year, especially as mortgage rates continue to rise. more, of course, always online. realtycheck.cnbc.com. sue? >>> thanks, diana. it is "power house" time. this week we're in minneapolis. kate beckman is with the region's coldwell banker. welcome, kate. nice to have you her

the real estate website zillow said the under water homeowners fell with 1.4 million americans getting back above the negative equity line. >>> for the millions of struggling homeowners who remain under water, fast rising home prices may not be rising fast enough and with the housing market in recovery, one company is edging bets things could collapse again and it's offering what is called under water insurance. dianna al lia olick explains. >> reporter: in phoenix, arizona one of the hardest hit markets of the crash, home prices are up over 40% from the bottom of 2011. that cut in half the number of borrowers that owe more on the mortgages than their homes are worth. nationwide, millions are drowning in negative equity and some are asking could it all happen again? one company is saying yes and offering consumers insurance for that possibility. >> under water mortgage protection is the first of its kind insurance product that we've created for homeowners who might want or need to move at a time when they are in a negative equity position. >> reporter: basically, it's gap insurance fro

i think it trades back down to low 70 sglz drop in the form of zillow dropping 4%.h. >> i would stay away from this. there was serious support at 80. it broke through that today. the ceo said something the street didn't like. quote, unquote,, "we're in heavy investment mode," that's code for we'll spend a lot and not earn much. you saw the reaction, totally avoid this for now. >> social scrap books and big birthdays. here's the fast money week in review. >> what do you got? >> we got a pop for birthdays. >> love the do. >> happy birthday to melissa. we won't tell you the number. >> thank you. thank you. >> rock n roll girl. happy birthday. >> thanks. very sweet. >> you have a scoop there. >> just pointing it out. that's what we do here on fast money. >> is that what you call it? >> surrounding the trade. >> put my shirt back on tv, that looks good. >> merry christmas. >> one of our panelists here actually just started a page. with your one follower. >> journey of the 1,000 miles starts with a single step. you should know that. do we have picasso's kids picture? i fe

maybe as the zillow commercial real estate. why don't you tell us exactly what it is?y one of the best things about costar it's actually both a zillow of commercial real estate and bloomberg of commercial real estate. bloomberg is about really high-quality information on a huge asset class securities. zillow is about marketing real estate online. costar's actually doing both of those things. we help brokage firms market their properties to millions of people. we also help the biggest institutions who invest billions into commercial real estate understand where those investments are going and where they should allocate their portfolios. >> i know you've been growing at a rapid clip that you are now outgrowing your headquarters. what accounts for that? why so much activity? is it the market that's out there? what's happening? >> this is a huge trend and change in the nature of real estate generally. you're seeing it in residential and commercial. these are information-intensive businesses, understanding what people's options are for leasing and funding buildings. and as

zillow, 20% off of the highs. this is a momentum market. >> we are talking about ll a sifk. it has not popped. you look at the home depots and builders. this one should be rallying. >> how do you factor this into your view when it comes to mortgage originations? >> those are conflicting things, right? that's clearly good things. southbound like aback of america would be a beneficiary of that. i do want a steeper yield curve. i am not sure what we're going to end up getting. i am long the bank of americas of the world. they make a fee on every transaction. the more transactions there are, that had a very nice move. >> i was chatting by e-mail with the home building analyst. and he said he viewed it as more of a debt balance. the home builders are going after a period where it will be much tougher to balance. what do you think in terms of the trade for the home builders specifically? >> dhi has gotten crushed and seemingly found a bottom. it didn't matter. the stock price reaction was that's what you're looking for. when they start to rally and what could be construed as not g

zillow is up 188% this year. >> got the steam knocked out of it. but try it a lot at $100.could be long this stock. >> coming up next to emerging markets. we have got all the winning trades so you know where to put your money. much more fast straight ahead. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh we still run into problems. that's why liberty mutual insurance offers accident forgiveness if you qualify, and new car replacement, standard with our auto policies. so call liberty mutual at... today. and if you switch, you could save up to $423. liberty mutual insurance. responsibility. what's your policy? >>> time >>> time for a trade update. karen has been making the bull case for joseph ample bank. >> they actually had a very interactive conference call which they have not had in quite some time. it was very po

yelp, zillow. more retail.s a lot of brand new, hot companies on the market i think have less question marks. so beware. i wouldn't touch this one, over 40. maybe not over 30. we'll see. tracy: whoa. charles payne, good stuff. >> all right. see you guys. tracy: quarter past. we have to get a check on the markets. nicole petallides on the floor of the exchange. the dow is down over 100 points again. what's going on? >> it really is. we're seeing act sell rayed selling and down to triple digits as you noted. we're down nearly 3/4 of 1%. we're seeing for example the banking index was higher earlier today, now with down arrows and the drug index and the retail index. so we're seeing different sectors coming under pressure. i will add in the transports there as well. you are seeing that the market breadth has basically worsened here this afternoon. that being said, i want to get to a little piece of good news today and that is jcpenney. looking at jcpenney which is geting a pop today of about 6.75% at 8.22. this as

. >> got a drop here for zillow. >> what does valuation have to do with it? this is a situation.hen obviously seeing it, an upside move by a close lower. this is obviously technically very weak with the stock. >> coming up next. all of the latest news, the conference call going on right now with the underwriters. we will bring you all the details. ke rowe here at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partne

finally we know from the escalating usage of amazon or sites like zillow, or like we learned -- or yelp the week before, that the retail sites, amazons, people are shopping all the time. perhaps they should be working. the only real loser for right now, has been print. which from these usage data has simply fallen off the face of the earth, as anyone who listened and heard how badly time inc. is doing. all this comes to a simple fact, the reason why we're so willing to seemingly pay anything for twitter, as we wait for the pricing, and have been paying huge multiples on facebook, is that the functions are always on and they're not always static. they are operative from the moment you wake up until you go to sleep. i will go a step further. until the internet is blocked at work for anything other than what you're actually being paid for doing, the usage will go higher. the twitter deal will be a success as investors what like the growth path as more and more spend their time on smart phones, checking the web, going to amazon to buy things and checking out sports online. if only one-seven

take a look, linkedin facebook zillow. ron was talking about social media. another group that's got a lot of momentum this year not necessarily high beta but the oil names, e&p names have had a huge run. see that drop today? some of this was related to oil moving down. the other big name bill dudley head of the new york fed, came out in the middle of the day and said he was getting more hopeful will the u.s. economy. that cost the dow 20 points. that was earlier in the day. oil in the middle of the day went from $93.40 to $ -- you see that drop? that is when dudley was talking. the lowest level since may. gold also dropped. it was 1280 went to 1270 in the middle of the day. we'll keep an eye on all of those issue. the bottom barometer of all of these issues is the ten-year. you can see here the ten-year was very steady until we went right to the close when it dropped near the lows of the day, 2.66. that's what people really do watch very carefully. back to you. >> thank you so much. joining me lizzette cooper pp jonathan joseph and kenny from o'neill securit

you have my address and go to sill -- zillow and find out the value of my home. they can follow you on amazon. >> how is the value of my home going to relate to whether i want another cocktail. >> you know what? that's way over the line. i'm not a fan of that. it should be an opt-in policy. if i want to give you my information, you can use that information to give me a more personalized experience and that's how it should be. so, i believe they really stepped over the line here and i think they're starting to pull back from that. >> i always wondered why i was given the saturated fats men you only. good strategy on their part. i know all of this is publicly available but i'm wondering if the industry enough under the guise of catering to us are now scaring us? >> i think they are scaring people. we have heard so many things about our own privacy, whether it's the nsa or general privacy, being followed and making your information public on facebook, everybody is concerned about all these new ways people are exposing us. this is the last thing the airlines want to

you see netflix, yelp, zillow, groupon, not a lot of news but lift. 3-d printers, no news i saw that was out today but that's a significant drop. they have had a great run throughout the year. the only characteristic, high beta as well. would he get the fmoc minutes tomorrow and a couple of fed officials were out trying to jaw bone down interest rates, trying to keep the bond vigilantes at bay. charles evans not bountiful accommodation is needed. fed chair nominee janet yellen said monetary policy is likely to remain highly accommodative. seems to be working. ten-year note, 2.71%. slowly moved to the upside but not dramatically. they have to keep those numbers low. they get to 3%, i think the stock market is going to have a very, very difficult time. back to you. >> thank you so much. to talk more about this investing is meg green, ceo of meg green associates, tim leech, david kudla from mainstay, and jonathan murray from ubs. good to see everybody. thank you for joining us. appreciate that. jonathan, let me kick this off with you and let me ask you about putting money to work in thi

and zillow and other sources out there will tell you what the home value is.y can kind of gauge what your value is. and they've got something on called mbc, which is the airlines want to be deliver personalized fares to you. and one of the concerns is if they know you're willing to pay more, they'll offer you up a higher price than the guy down the street that's maybe in a cheaper house. >> you're telling me they've got so much information on so many individuals that in the future they can offer you a ticket price tailored to you? >> yes. >> they know what you will pay. they're not there yet. >> they're not saying they're going to do that. i'm saying they could use it to do that. but now they'll say, we know this guy travels internationally, he spends money on upgrades, he does all these different things, so they can bundle things differently for you or offer you things in the buying process through the site or through your travel agent that would appeal to you. they're trying to personalize the service, and people in the attracti travel industry itself are ve

zillow, groupon, tesla. 3-d printers second day in a row. high beta group. never hit before. yesterday suddenly down double digits. again today, big drops in all four of the big names there. marie, yeah back to you. >> thank you so much. joining me is liz ann sanders, charles backrack charles luna and author of "good financial adviser will tell you" and joining us mandy drury. thanks for joining us. liz ann, let's kick this off with you. what did you hear from james bullard and was it the right move to sell into strength? >> there was nothing surprising in there with the exception of something more explicit with interest on reserbs, which would be good in a couple of ways. if they were to lower that they would that would free up velocity lending in the banking system. at the same time it would reinforce this notion they're not going to raise the fed rate at any time soon. that would prevent the kind of riot we saw last summer. not to mention the fact they'll be firmer on the forward guidance. if anything, i saw it as a -- at least a mildly positive statement. we know there's

yelp, pandora, linkedin, zillow, trulia, groupon, zynga. one year later almost of them were lower, dramatically lower for the most part. patience and prudence dictate buying a stock like twitter lower. if i were still running money professionally, i tell you what i would have done. i would have sold every single share not long after the stock opened. that's right. a few minutes after. because i would have said it was overvalued, on my historical comparison work, which is really all i have. yes, today i would have taken the money, steve miller style, and run. why am i not jumping up and down and telling you you're in big trouble if you own it? why aren't i talking about the double bubble toil and trouble that you're going to find yourself in and how you're going to get hurt? let me give you the possible justifications. i have enough caveats for why this out of the gate move in twitter might not be so dangerous for you. for me, you know, i got to say i'm old. i have my rules, but you don't follow my rules. after spending the last few weeks ya

again, your groupons, netflixes, yelps, zillows. they're under pressure.ery little room for error in any of these high beta numbers. whole cloud computing group under a little pressure. same with 3-d printers. this group was not among high beta names hit recently and all of a sudden today, kaboom. all stocks are to the downside. i haven't heard anything from the traders i've talked to. finally, united continental ceo, i understand, coming up. great year. they got an investor day going on today. talking about cutting spending. the stock is up 4 .5%. look at how the stocks have done this year. airline is traditionally a loser investment for many years because there were too many airlines, too much capacity. delta up over 100%, united up 61%. what's power them, lower fuel costs, higher capacity, higher demand, higher ticket prices, throw in consolidation and you have a terrific year. i want to know, just ask him, he's not going to raise prices anymore, is he? please? >> he's right here. you just did his whole segment for him, thanks. >> united couldn't neglig

that's right, not one of these stocks, yelp, trulia, zillow, linkedin, facebook, not to mention groupon were bargains for those who bought them in the market. they just weren't. they just weren't. they amounted to the equivalent of grand theft stock market. even bigger than the video game. i want to point out in every single case except groupon, you did get back to even and a remarkable ride to much higher prices as the blessings of the social, mobile and cloud capabilities kicked in. and the analyst who has done the best pre-ipo analysis of twitter, is saying he feels comfortable paying up to $40 for the stock. and his, the $28 and change amounts to $20 billion. he wants to pay it, says you should be willing to pay more than that. but even peck, who is rigorous and shrewd, and i did mock him initially because i don't like to see research of a company that's not yet public. but he says his ultimate target is $50, 5-0. he believes it's going to be worth almost twice what i think you should pay for it. peck may be right and i may be right. twitter might get to $50 eventually. but will it

biotechnology stocks, some of the oil stocks, the xop, the airline stocks, and the momentum names like zillow and netflix, baent up earlier in the week. financials, higher rates, increases chance banks could charge more for loans, they move to the upside. twitter, slam bang open yesterday but drifted lower going into the close. right off the lows of the day, $41.60. yesterday, opening at $45.10. for the week, the dow was up, but look here. the nasdaq, s&p midcap. the source of a lot of momentum names. transports and midcaps were down despite the improvement we saw today. this was the greatest number of ipos in a week we have had in six years. some big names next week. extended stay america, which owns branded hotels in north america, houghton mifflin, and chegg, and zulily, online children's apparel, a report on all of them. have a good weekend. >> you, too. joining us is stephanie link from the street, rich peterson, john manly from wells fargo funds and greg itt from "the economist." characterize the jobs report for us. how did you see it? >> positive number, maria. the street was looking f

so some of the major names here like tesla, yelp, zillow, facebook, linkedin all down. this is for the week. chinese internet stocks have also been down as well. perhaps not as much as some of the other ones earlier in the day. they were on the downside. biotech also on the weak side. one of the only sectors that have been up this week are some c of the consumer names. most of the names in the consumer space were down today but still up for the week. back to you. >> thank you so much. joining me to talk more about investing today, heather huks back with us from sunamerica funds. eric marshall from hodges capital management. jim low ell from adviser investments. the question of the day, first off, what happened at the end of the day? eric, what's your take on a market that certainly got tired by the end of the day and the selling really accelerated here? >> you know, the market has been near a 13-year high. that's created a lot of momentum in the market. we think it's probably been due for a little bit of a correction here to kind of reset sentiment. at the hodges funds

the good news is 1.4 million -- others are still drowning according to zillow.s an historic housing crash, but it still makes leery homeowners wonder can it happen again? well, if you believe it can, then you might be interested in a new insurance product designed to protect homeowners against the perils of negative equity. >> we will be there to help consumers if they end up in a situation where life happens to them, and they need to sell, and they might be in a down market. >> basically, it's gap insurance, covering the underwater amount should you need to sell. kansas-based amtrust financial will offer it next month in five states, and caton says it should go nationwide within a year. to qualify, you must have at least 10% equity in your home now, and you cannot refinance during the coverage period. the average monthly premium is between $40 and $50. this is not for high-end homes, though. most markets will be capped at home values of around $400,000. now, critics of the product say it may be preying on fear. barry at the consumer federation of america sugges

zillow is down. facebook is down, linkedin is down. definitely not down, up on its first day. that does it for us. have a great week. "power" starts now. >>> happening now on "power lunch," a heck of a lot. twitter is now a public company. the opening at. nyse as smooth as mark zuckerbe zuckerberg's chin. the stock has soared. right now there you see it, $45.85. up nearly 20%. the gdp in the u.s. also soaring. on any other day, that would be our lead and biggest story. last quarter, it grew at an annualized rate of 2.8%. much stronger than just about

the pressure on zillow, linkedin and yelp and trulia, including facebook has been so powerful over the last week that we lost a group which the had been integral to the success of the overall market. i think these stocks are now are bouncing back, including, yes, the aforementioned linkedin which many people booed after that last quarter. and i believe that guidance was way too down beat since the quarter was darn good. i'm not worried. i believe the twitter hangover extended all the way to google, which finally caught a bid after some serious floundering around. finally, the positive individual stock action just makes it much harder for the transfer of negativity from europe and asia to happen. think of what we got today. how long have we been fretting about the consumer? didn't matter that costco said the consumer spending, the gap stores said the consumer is spending, but today the nation's largest department store chain, macy's said things are good, and that, well, that was all it took. they left you with a very positive feeling about the holiday season, which was not something peo

zillow. facebook. linkedin. flat basically on the week. to the downside. chinese internet. classic day trading names. kihoo. baidu. youku. renren. the other big momentum group, biotech names. huge volume. traders love to play around with these stocks. gilead, biogen idec. celje celgene. what's been up? costco, sysco, cvs. the otc markets sent me a note they're going to be reopening trading about now pending a notice from finra. those are the pink sheets. they've been out today on a system outage. i'll keep an eye on that. >>> i'm over here today. joining us now -- >> there you are. >> here i am. wherever i go. heather hughes from sun america funds is with us today. so is bill mcveil from the turner small cap growth fund. john smith from d.t. investment parters and our own rick santelli. welcome to everybody. heather hughes, we talk about this change in tone of the market. we've really felt in the last week or so the momentum stocks are going down. technology is taking a hit. even as the blue chips were going higher. what's going on? is there a rotation going on or what are

zillow is down. facebook is down, linkedin is down. twitter, folks, is most definitely not down, up on its first day. that does it for us. have a great week. "power" starts now. >>> happening now on "power lunch," a heck of a lot. twitter is now a public company. the opening at. nyse as smooth as mark zuckerbe zuckerberg's chin. the stock has soared. right now there you see it, $45.85. up nearly 20%. the gdp in the u.s. also soaring. on any other day, that would be our lead and biggest story. last quarter, it grew at an annualized rate of 2.8%. much stronger than just about anyone thought. we're going to dig into that number. >>> there is also evidence of a great rotation. the nasdaq falling today. the russell falling. some say that's where rebalancing would begin. older blue chip, old-school names like dupont, ibm, ge may be the beneficiaries. and europe making a big move today. cutting rates. but was it too late? and speaking of big moves, the fda officially proposes banning artificial transfats in foods like frozen pizza, cookies, c

the zillows and netflix, they're all bouncing back. another group helping things are the financial stocks. regional banks are bouncing back because when you have higher interest rates, it increases the possibility that banks could charge more for the loans that are out there. so, this rebound, i think, is a sign of some market strength, maria. every time you get 2%, 3% drops in the broader market, you just get an immediate rebound. good sign for the bulls who are arguing. you're not going to see a 10% drop in markets. they've been calling for a correction for a long time. we're not even close to it. back to you. >> thanks so much, bob. everybody gather around the water cooler. here we go with "closing bell exchange." michael yoshikami joins us, as does andres gar see it yeah, russ from blackrock and our own rick santelli. welcome to all of you. michael, 204,000 jobs created last month. why is the stock market ral lig if it increases the chances the fed will slow the morphine drip? >> well, because maybe earnings will start to pick up.

zillow, yelp, groupon, priceline, amazon.t's back in is real estate stocks, particularly home building stocks, the itb, that's the main etf for the home builders is up almost 5%. that's a five-day chart there. that's a nice move and that's a little bit of stabilization on the interest rate side. is there a reason to sell? i called around, asked a whole bunch of people this morning. not right now. everybody's gone back to being more afraid of missing the up side than getting killed on the down side. so the bottom line is right now this is still a very powerful rally and still not a lot of reasons to come out and sell. a lot of talk we're still not overpriced on evaluation, 15 times forward earnings, expecting 10% growth in earnings next year. that will come down. thomas lee raised the price target at jpmorgan, 18.25 from 17.75. he said we are remaining in a secular bull market. let me mention nordstrom. it's common place to ount opoin the higher end is doing better, but the sales growth, only 2.5% on the year. i think it's dow

all those names we mentioned earlier, open table, zillow, yelp -- >> groupon. groupon is up, right? call? that was a great conference call. >> what did you like? >> because they transitioned to mobile. i heard drexler say the fabulous ceo of j. crew. i love props. this is a retailer. he has a retail store. groupon is saying, listen, we got a discount retailer store right here. that matters. it's been a continual theme. >> who has been able to move to mobile faster? >> open table. they moved to mobile. yelp did, too. i think yelp comes back. priceline going there. >> secular -- >> by wathe way, gap is up 7%. >> banana republic trying to figure out where they went wrong. there is a degree of fluidity. a ceo does not necessarily say i'm beaten and defeated. >> right. >> they tend to have some -- >> you hope. >> yeah, you hope. who has been beaten and defeated. i wonder whether sherry mccoy at avon is beginning to feel beaten and defeated? >> does that fall into a prediction list? >> i think she's so terrific but this avon was just more of tar pits than it was door-to-door selling. >> m

but prices are higher in but prices are higher in cautious pretty impressed zillow this is not sustainable are t the top now and go down to percent in a correction to 145 before we go to in n8? >> i don't thiing o so. we are at a high. i don't know exactly when it stops. i have been expe kning it to for some time, but so you what, it has been super resstined. at thiing o a lot of people makg a big mistake. everyone is kind of thiing oinga the. but i thiing o that is flawed logic. the last two times the market got in troheele inglied0 in 2007 the fed was easing. there were not tightening. this time around everyone is waiting for the doubt to tighten. i think it may be the opp roite. the fed may l roe -- loosen policy more and lose control of the market. maybe there will put in n50 biln a month. whenever they do, it's not working. people need to keeindthe br heas up. dennis: african stocks that have peaked, the last peak in of seven, that was on the briing of this big a lapse that happen everywhere. are we better obee now? want that bring the collapse, better heads, smarter, ben stein by wha

after the close, we'll hear from tesla motors and zillow. >>> now, google wants to help you out.want to launch a new help house sur way today. so apparently you'll be able to offer many things. google at teamed up with around 1,000 topics in fitness and other topics. sessions can run a few minutes to several hours and pricing is set by the individual expert. goose t google will apparently take 20% of whatever fee has been charged. we are asking viewers today, would you use this new service from google? and what would you use it for? joe tweeted in to say i would ask google to help me understand women. he said i don't know if even google will be able to do that, even with their their cash they may not be able to come up with the research for that. keep your responses coming in. worldwide@cnbc.com, tweet @cnbcwex or at the direct to me @rosswestgate. i think i say to my producer, men are easier to understand. yes? no. we'll come back in just a few moments. risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group:

this is a zillow research.hoods looking a little bubblish right now. these are the areas on this map where you're seeing home prices rise. and you're not seeing wages necessarily going up in tandem. you're seeing a lot of investor interest in those markets. listen to what stan humphries told me about it. >> when rates go back up to 5% or 6%, people in san jose are going to be spending half their income on their mortgage. and when that happens, prices go flat or start to fall again. >> the percentage of our incomes that we're spending on housing right now is lower than the historical average. that means housing prices have come down so much that we're not paying quite so much historically for the cost of our homes. that means that you're not seeing bubbles in most of the country. he also says things aren't back to normal yet, carol, for the country as a whole in housing. we're not back to normal. not only is it not a bubble, we're not back to normal? why? we need more first time homebuyers to be able to take adv

linkedin, zillow, facebook, tesla, priceline, nice moves to the upside, all right across the board.solved on the upside. another group, very choppy, housing stocks. higher interest rates, as we've seen in the last few weeks, a lot of pressure on them. good numbers generally to the upside today. tripoint had a very good earnings report. we saw the other day with d.r. horton, also an excellent earnings report. again, some signs of stability in the housing group. retailers? great day. we talked about macy's earlier. comp store sales up 3.5%. nobody had those kinds of numbers. everybody was around 1%, 1.5%, so a pleasant surprise. you don't see macy's up 8%, and it's pulling up a lot of the other names. nordstrom's tomorrow. perry ellis, a disappointment, had numbers out here, i think one and a half year low, the third quarter numbers were cut and full-year earnings were cut, as well. moving on here. the one group that's not showing any signs of bottom, and that's emerging markets stocks. these are ultra-interest rate sensitive, as the move up, of course, people tend to take money out o

look at zillow.in the ipo. >> jim, you're seeing some things in the past. do you remember when some of these things when they're really hot back in the old days, they could triple sometimes. you might say you don't want that to happen because of twitter, but just for the news cycle and for investing to become something people want to do again, i think you ought to embrace it. it should do 40 easy. >> i would love to embrace it but facebook wasn't the single biggest since the flash crash. >> i know. it will be part of the rebuilding, part of the healing if this were to open at god forbid 70 or certainly look that. that would get your attention. the cab drivers would be talking about the stock market again. >> if they don't botch the opening and the company does deliver on these tremendous numbers for 2014 and the banker at goldman will be to be able do a better job controlling it, then morgan stanley, which really wasn't all that to blame, it was really nasdaq, when you say that nasdaq screwed up, you

i talked to zillow ceo last week, pricing is stabilizing. nice move up in some of the housing stocks. aerospace stocks on fire. why shouldn't they? boeing knocking the cover off the ball in the dubai air show. not only taking orders for the 777, but big, new orders for the 787, big, new order for the 737. seven-anything is getting orders and all of that is resonating through the overall space. on the whole issue of the bubble talk, dominated all of the discussions over the weekend, everybody's looking for some signs, what can they do that will indicate that finally the market's starting to deflate a bit? two week ago the russell 2000 was underperforming the s&p 500 and there's the green line. that's the russell 2000, a one-month chart, s&p is white line. everybody said, aha, this is the sign we've been waiting for. we'll short the market because we think this could be a trend. we've been waiting for this sign. they did. and it didn't work. that's the problem with this. we are overbought but we're not showing signs of anything breaking down.

. >> finally, bill, you're on the board of zillow, on open table, on the board of huber and in additionp so many models in your head? >> like i said, i'm lucky enough to work with great entrepreneurs in every one of the cases, there's an amazing team that's making it all happen. i just try to work as hard as i can in the background. >> we'll be watching this one for sure. thanks for your time. good to see all of you. >> talking nextdoor. >> it's a good product. i've used it for a couple of years. got the app on my phone, thwarting neighborhood ne-er-do-wells trying to break into houses. >> i tried to sign up but they wouldn't accept my phone number. it's a long story. it's detailed and difficult. thank you, jon. >>> the dow 25 points. s&p 500 green. nasdaq struggles this morn as we keep an eye on momentum names. looking for an area of opportunity, one sector, we'll tell you what is it in a couple minutes. >>> bells are about to sound across europe. lots of focus on what's happening that side of the pond. a few minutes left to go. the close of the session there when we come back. >>> eur

the zillow index, however, more realtime, came out this morning, as well, and it showed sales prices first time that's happened since october 2011. and lastly, prices follow sales volume. sales volume precedes price. and sales volume all over the country post-rate surge have been collapsing, so i fully expect house prices to hit a leg lower here. not only seasonally, because they always fall seasonally during the wintertime, but much more duration this period, you know, down two, three quarters, at least. >> all right. the big issue to me, and i continue to say that interest rates are very, very, very important, and the entire economy, especially housing. but trying to find the money to finance or to be able to get a loan, looking in the past at arm, looking currently at what financing is available, you've written many pieces saying that if you look at apples to apples of affordability, the current times versus previous '03 to '07, well, it might be different than most people think. explain, please. uh, looks like we lost our guest, mark hanson. well, i will continue to try to bring