Up 25 for the year. It makes sense to be concerned about a little bit of a pullback in 2014. You worried . Cheryl, im glad you brought back brought up a pullback because, quite frankly, ive been looking for one for go, three months two, three months. We had a great run on the dow and the s p, up over 25 , and virtually no corrections. The best correction we had in the s p was about a 4. 5 correction a few months ago. A real corrections about 10 . I can tell you right now most of the indicators we look at are not telling us were looking at a correction anytime soon in january, but were seeing heavy call buying activity and the vixx in the february and march call she questions which tells us professional traders are looking for something to happen in this market later on in the First Quarter of the year, if you will. The money flows will drive this market higher in january and then look for that correction somewhere else later on. Cheryl ben, chris is coming up later in the show, and he says were going to get a correction because all this talk about it is going to cause one. I want to go to the cme, and thats kind of on your radar as well. The s p has performed like it was in a bubble, but you say not so fast. Why . Whats the difference this time around . Well, again, when we talk about a bubble, most of us are referring to 1995 to 2000 where the s p basically tripled in five years. What weve seen since the lows in 2009 is the s p basically tripling in three and a half years, im sorry, four and a half years. And youre not necessarily hearing that bubble world, and the reason is the 1500 level was ours in 2000, and we thought we deserved it. We thought we wanted it back. So most Market Participants look at this as new highs from 2000. So if you do something that my friend mike arkansas that would calls candlestick math, it essentially is 500 to 1800 in about 18 years. Thats whats happened to the s p now with some volatility in between. And i think what ben says is very important because right now the insurance on the vixx is keep. So thats going to cheap. So thats going to keep buyers in the market because that insurance is cheap. Given that the economy is still fair to midling, lets say, theres room for the equities to continue this march upward in 2014 because were really not that much higher from the 2000 highs. Cheryl and, again, i do have a guest with coming on that says something different. Youll have to watch that interview. I will watch it. Cheryl you know what, jeffrey . Youre also watching the dow as well at the nymex. The dow is on your mind, why . Always is. Lets face it, theres overall sentiment that comes into play here. If the stock market is looking strong, the economy is supposedly strong and with that comes more consumption and higher prices for the oil, simple as that. I dont always feel that the two have to be in lockstep, and certainly there is a disconnect on numerous occasions, but its something you cant argue about overall Trader Sentiment that comes into play. And when the bulls are ranging, the bulls are ranging. Raging, its as simple as that. But again, im not a raging bull on the stock market or oil at this point, i think they both have to settle back. I think crude oil has about 3 correction very soon here. Im not going to say tomorrow, but i think early in the year were going to see this market trade back down to the mid 90s before it can catch its breath, maybe take a look and make that serious move up if it gets some help with the weather. Cheryl jeff, you talked about that with oil and also nat gas. Were looking at some wicked weather along the northeast, and if you look at the farmers almanac, this could be one of the worst winters in recent memory. How do you feel about nat gas then . I spoke on your program a few weeks ago, and i said we have a good shot if theres some serious weather in the midwest by the end of january, we could actually be flirting with 5 which people look at me that im being a little bit overzealous about it, but the truth is natural gas because with i know where were trading not that long ago definitely has been beaten down and has a lot of ways to go on the upside. 5 is definitely reason reach. Cheryl bob, i wanted to ask you about whats going with regards to volume, because were in this really low volume environment right now and, ben, actually, you can answer the same question. Bob, this environment, many say its a good thing that were not seeing high volatility in these very Light Trading days going into the new year. Do you agree with that, or does that spook you, bob, just a little bit . No. It actually doesnt spook me at all. Ive always looked at the last three weeks of the year, rather, as something to almost ignore for your planning. Its the type of movement that traders dont necessarily participate in, so i havent taken much notice of it either way. I think januarys going to do what januarys going to do based on the jobs number, nothing else. Cheryl all right, gentlemen, thank you very much. Early happy new year to all of you, appreciate you being here. Thank you, happy new year. Cheryl carl icahn is turning up the heat on apple. Hes demanding that the tech giant increase its stock buybacks and dividends,but apple is saying, no. Liz macdonald joins us now with the bottom line on this story. He is so known for this but, lizzie, doesnt mr. Icahn have a point, that theyve got a lot of cash and that they are not a bank, theyre a tech company . Good to be with you, cheryl. Thats exactly what carl icahn said back in october. He threatened a proxy fight back then. Hes saying shareholders dont want to be investing in apple bank. What hes saying is raise the dividend and stock buyback to 150 billion from 100 billion that apple already has underway in terms of the repatriation program. Heres what apple is saying, though, in a new sec filing u it is putting it on the proxy to shareholders, recommending they vote no against carl icahns proposal. Essentially saying, listen, we already have a plan that will increase shareholder value about creating new markets via new products. Weve got innovative, Bold Strategies in place. We need the resources to have unprecedented investment. We need that flexibility. We are about the longterm interests of the business. Stock buybacksrically, cheryl, are shortterm goose, higher for stock values. And heres the deal, this is a nonbinding shareholder advisory thing that carl icahn is proposing, and also on the part of apple. In other words, even if the shareholders agree with carl icahns bid or idea, they could just say, you know, the board, apple board could just say, you know what . Its nonbinding, were just going to set it aside. And ill tell you, the other thing were getting feedback from wall street on is as follows, you know, that 149 billion cash on the Balance Sheets, cheryl, only a quaater is parked here in the United States. Apple would have to repatriate back in the United States, pay higher taxes, and if they do Debt Financing theyd have to pay, of course, the bond yields on that. But analysts are saying that apple needs a cash horde to improve customer service, to expand in the way of factories and for growth in china among other things. Sending it back to the you. Cheryl well, i would like to see them make a Plasma Television as well. And the watch, wheres the watch . Liz macdonald, thank you very much. Sure. Cheryl lets get to Lauren Simonetti on the floor of the New York Stock Exchange. Shes got some of todays most notable movers. Mickey mouse, car tires, where do you want to start. Lets start with disney, cheryl, because its a momentum stock today. It did get an upgrade to buy at guggenheim, several reasons, frozen, the movie, doing really well at the box office, in fact, best since the lion king back in 1994. Disney leading the dow today, up 2. 2 , also leading the broader market, leading the s p 500. And most of the days gain on the dow is because of a positive contribution from disney. Another stock that were talking about is cooper tire and rubber. You know, tomorrow a deal with indias apollo tire was supposed to be completed. Financing for that deal dried up, so its no longer going to happen. But cooper tire having a nice reaction as a result. Back to you. Cheryl all right, lauren, thank you very much. Well see you in just a little bit. All right. Cheryl closing bell ringing 51 minutes from now, and car buyers are rushing to auto dealerships, but how to you, the investor, profit from this buying frenzy . Were going to bring you your investing road map just as soon as we return. And remember french actor gerard depar dues dramatic decision to become a tax exile in russia . Well, now frances socialist government is imposing a tax on millionaires. Were going to tell you all about it. Thats coming up in just a few minutes. Welcome back. How is everything . Theres nothing like eing your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Cheryl two suicide attacks in russia he left 31 people dead raising new concerns about security at the sochi winter olympics, just six weeks away. Fox news amy kellogg this has e latest from london. Any clues as to who might be responsible for these attacks . Reporter well, cheryl, nothing definitive, but an extreme Islamist Group over the summer called on its followers to take their attacks out of the north caucuses and into the very heart of russia in order to disrupt to to Olympic Games whih this group calls, quote, the satanic dancing on the bones of our ancestors. Now, this group didnt claim responsibility for the two backtoback bomb blasts in volgograd, but certainly fingers of suspicion are pointing this their direction. Suicide becomings are their hallmark, and back in the autumn one of their female bombers hit volgograd as well. Todays attack destroyed a crowded bus, killing 14 people. Yesterdays blast was captured on cc26 and killed 17 people at volgograds main train station. The call to arms was issued other the summer, the group wants to establish an Islamic State in the southern part of russia and to bring president putin to his knees. Russias Islamist Movement has its roots in separatist movements which were crushed in the 90s and then in its desperation morphed into this extreme Islamist Movement across the southern caucuses or the northern caucuses including dagestan. Now, normally, again, this group hits in the north caucuses. Hitting a city like volgograd is significant, it sets off a whole different wave of fear and panic among russians who are no stranger to terrorist attacks over the years. The fear is with such a veritable ring of steel around coach cci where to olympics are going to be taking place, terrorists will possibly hit other cities. The u. S. Today has called for greater cooperation with russia around the olympic Security Cooperation and cooperation in intelligence and terroristrelated matters has, in fact, been stepped up between the two countries since the Boston Marathon bombings last year. The two with bombers, of course, had tear ethnic origins in the caucuses region, both being ethnic chechnyans and having spent some time in dagestan. Cheryl . Cheryl amy kellogg, thank you very much. Well, focusing back here on the United States now, tomorrow could be the best day of the year to buy a new car as dealers try to get rid of the 2013 inventory. So what autotrends can we expect auto trends can we expect in 204, and what will it mean for the u. S. Consumer and investor . Joining me now in a fox business exclusive is brian levy, iq analyst, and he is there. You look at the buildup in the numbers in car exports, what is behind the huge jump in u. S. Exports for this country for ford, for gm, for chrysler . One of the trends weve seen in the last few years is an increased localization of production that automakers will manufacture the product in the regions they want to sell them, and one of the regions thats benefited is the u. S. Now in terms of manufacturing, theyre now able to export some of these vehicles. Cheryl well, is there a specific trend that youre predicting for 2014 . I mean, certainly for the u. S. Auto manufacturers, to your point, you know, production has been much more streamlines with robotics, and theyve also add a lot of unit concessions and now, frankly, people seem to like american cars more and more, especially in places like china. Dig more deep for me, though, if you dont mind. Talk about what kind of Sales Numbers youre expecting for 2014. Sure. For 2014 im looking for about a 3 increase to 16. 1 million new Light Vehicle sales, that compares to the 15. 6 million vehicles that we expect were sold in the year. And that would be a continuation of their upward trend from the lows of 2009. And its just a slowing but still growing trend. Cheryl do you think that its going to be a different story in 2014 for dealers here in the u. S. . And lets go back to the u. S. Customer for just a moment because we are going to see Interest Rates begin to tick up. There may be a mad rush of car buying tomorrow, but next year the consumer might still feel a little nervous about making a big Ticket Purchase like a car. Are you concerned about Interest Rates . Not really concerned about Interest Rates. Even a modest increase wont make a big deal. If its an extra 15 a month to, i dont think thats going to deter people who need or want to buy a car. I think whats bringing customers into the dealership is the average age is now over 11 years old, and since that 11 years ago the technology and the vehicles have changed, theres more of the electronics and communications as well as better styling and fuel efficiency much better now. So i think all those factors will help bring consumers into the dealership combined with more jobs. Cheryl im glad you brought up, i guess its the digital dashboard wave. Cars now are their own computers, if you will. That technology from apple and google that really want to make the cars interactive as possible with the Driver Safety concerns aside, do you think that that trend is going to be a positive for the dealers, for the car manufacturers, or is it better for somebody like an apple or google because the dealerships are paying the the automakers actually paying for that markup from the company . Well, i think everyone can benefit, all the industry participants from each role. If google or apple produces something that can help sell the cars, not only does google and apple benefit, but the automaker whos selling the vehicle and the dealership thats also selling the vehicle. So its an opportunity for everyone if it can help grow the market. Cheryl all right. Real quick, i do want to ask you about margin pressure just overall in general for the main three players here in the United States and also for volkswagens. Well, for the largest american brands, i dont follow volkswagen, so ill limit it to ford, General Motors and toyota, theres going to be more competition. Now that the growth rate of the market is slowing, theyre going to have to focus on stealing share from other participants, not just benefiting from a rising tide. So i think there could be some margin pressure in 2014. Cheryl all right. A lot to look out for, especially those numbers tomorrow. Its going to be fascinating. Brian levy, s p capital senior iq analyst. We have had 40 minutes to go. This is it, this is the fun part, everyone. You wallet to stay tuned, because should investors be concerned about rising rates, is there going to be an imact on the economy from rising impact overall . Were going to talk to one of the top income strategists on how you should play the bond market. Dont be afraid of the bond market. Its not so scary. And twitters little bird looks like its getting its wigs clipped wings clipped. Is now the time to jump in, were going to game it all for you when we come right back. And she might have if notor kari, the identity thief who stole jills Social Security number to on credit car, destying jills credit and her dream of retirement. Every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. This is Identity Theft. Lifelock offers the most comprehensive if jill ha lifelocks protection, she may have bn notified before it watoo late. 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Order now and get this document shredder to keep sensitivdocuments out of the wrong hands. A 29 value free. 9 out of 10 wildfires are caused by humans. If you see someone in danger of starting a wildfire, step in and make a difference because 9 out of 10 wildfires can be prevented. Only you can prevent wildfires. Cheryl so investors found yield in the bond market in 2013 with the u. S. Tenyear rising above 3 . So how should investors position themselves in 2014 as they consider when the fed will finish the now that we know theyre beginning it. Joining us now in a fox business exclusive is Wells Fargo Advisers chief income strategist. What a year for the bond market versus stock. Its been with tough to be a bond investor in 2013. Lets move ahead to 2014. How are you feeling about next year . Do you think youre going to get some love back from investors . You know, 2013 a very tough year, but still most investors, theyre well diversified, only down a percent or two, so, you know, you dont see the volatility you see on the equities side. Next year looks to be a little bit better. I think well push total returns on the Positive Side because, of course, yields are higher and you get a little bit more of your return from the income or coupon side of things. But were not going to get back to the, you know, 2009, 2011, 2012 period where you were getting high single digit, even double digit returns cheryl i was going to ask you, because we were showing our viewers the tenyear, and that has been the interesting story over the last trading sessions, even today roughly 3 above the yield. If were not under any pressure to make any moves before the end of the year for tax purposes, where do can you see the tenyear going . Is that your favorite spot, do you think, for 14 . Well, no, id stay a little bit shorter than that. I still think for 2014 Interest Rates as the fed continues to scale out of those purchases, i think the tenyears going to gravitate a little higher, you know . 3. 5 by year end and, of course, the markets going to start looking forward to when the feds going to start raising shortterm Interest Rates, and, you know, if you get a little too long, i dont think you quite get your bang for your buck. Id move in the curve a little bit but not too short. Of course, shortterm Interest Rates continue to be almost nothing, maybe something in the five, six, sevenyear area. Cheryl yeah, 1. 7, 2. 4 is the yield on that. Lets talk about the fed. Obviously, thats the biggest story with regards to Interest Rates, but how are you gauging the fed, and how are you kind of playing the fed over the next six months . We dont know the timeline, we just know that the timeline has begun. The next question is whether they finish tapering. Yeah. I think the fed actually gave us a pretty clear timeline in their last meeting, and i think theyre going to as long as the data continues to show good gains on the employment side, i think well continue to see at each meeting them scale back purchases by ten billion. So with eight meetings total next year, they should just about wrap up by year end if everything goes according to plan. If there is some kind of negative event in the u. S. Economy and things slow down, they could pause a meeting or two, but i think game plan here is kind of steady as she goes and theyll be out of the bond Purchase Game at least adding to their Balance Sheet by late next year. Cheryl what do you want to avoid in 2014, brian . You know, were pretty each. The one thing i would caution investors, especially Retail Investors hooking for yield, a looking for yield, a lot of those investors over the last year or two have add add lot of low investment load exposure. And to the extent that clients have overall located there, i think thats an area where if we do have some turbulence next year, could see some pretty negative performance from time to time. So we just like to see clients get back to even weight positions if they have really added cheryl brian, can you break that down into percentages . If rhyme putting you on the spot, im sorry. Can you put it in percentages for our viewers . Youre right about the high yield allocations, that has been very popular this year. Yeah. You know, in most portfolios high yield would probably account for 510 of your overall portfolio. Once you start getting above that, i think youre starting to take on some excess risk, especially when you consider how those allocations are somewhat more correlated to your equity allocations. So you dont get that negative correlation that you would traditionally look for in your fixed income allocations. Cheryl interesting is a fair word, its been interesting for bond investors, but well see what 2014 brings. I think the tides going to change. Hopefully so. Well see. Cheryl happy new year, brian. Weve got 31 minutes to go. Back to the stock markets, the bell ice going to be ringing in 41 minutes, 30 minutes now. Twitter dropping for a second consecutive day, erasing billions from its market cap. That could come back. Is the bluebird coming back to earth . Were going to talk to Technology Experts on what we can expect for twitter next year. Stock actually is coming back. And crazy for crocs. Who doesnt can lo crocs . Love crocses . A change in leadership and a cash infusion, and shareholders seem to like the fit. A lot happening with crocs today. Cheryl the power mover of the hour, its crocs. You know, the Company Behind those colorful clogs, theyre actually really comfortable, the stock is up more than 20 , more than 21 now. Crocs said that the private equity giant blackstone is making a 200 Million Investment that will give the firm a 13 stake in crocs. The shoe maker also said the chief executive will retire in the month of april, that will give up his seat on the board. Crocs Fourth Quarter revenue will be at the low end of the previouslyannounced range, between 220 million and 225 million but definitely, crocs, big stock to watch today. Well, there is no end to the sump in social media slump in social media stocks that began last fritted. Lauren simonetti, we were watching twitter last week, and i have to say its coming back a little bit. Its looking a little bit better. Reporter yeah. Well, we saw the social stocks like facebook and apple and twitter all give up substantial gains on friday. Theyre down again today. Were going to show you a couple. Linkedin down. 7 . If you move over here to pandora, thats down almost 4 . Groupon down more than 2 , facebook down, google down, angies list, down, zynga, down. So we are seeing tech and social certainly sell off for the second day, cheryl. Cheryl all right, lauren, thank you very much. Well see you in just a little bit. 25 minutes to go. Twitter has been up, down, all around over the last few trading sessions. Twitters roller coaster ride began with the runup that ended last thursday. It hit 74. 73, then the bird fell from the sky on friday following an analyst downgrade. It was a brutal downgrade. The stock has continued its downward spiral today. It fell another its actually down almost 4 right now, 61. 46. If you can see, this is a stock that has been flying up and down, but for our panel today heres the question, can twitter handle this rise, this runup that its had, or do you think that twitter is maybe a sell . Lets bring in our tech reporter with the wall street journal and daryl jones. Gentlemen, welcome to both of you. Actually with, i want to start with you, chris, because if you look at excuse me, im going to start with you on this one because if you look at the valuation of twitter, and we had a really great discussion about this last week, its been somewhat of a question. Mcsquarely came out and said the mcquery said it was going too far, investors jumped. What is the nervousness in regards to twitter . There yeah. I think it reflects this fundamental thing which is twitter, were operating in this kind of informationfree zone about twitter. Its a new stock, and its sort of a new company and a new, its a new kind of company, a new kind of service. So i think we dont really know how advertisers are going to react to their ad products, we dont really know about user growth, these are all Big Questions hanging over the the ipo turned out extremely successful, but then they made this announcement about the targeted program that hasnt rolled out, but that seemed to spark a lot of the interest at the start of this runup. Then i think last week we saw we dont really know much about that, and people got nervous. Basically, i think, we just dont know much about the company and how its going to fare over the next few years. Cheryl daryl, is this targeted advertising platform that twitters got, at this point theyve got promotional tweets going through, and users dont seem to mind that, but when they Start Talking about a land they have yet to inveil and theyre still not unveil and theyre still not making money, again, that one downgrade last week was quite a spark for the selloff on the stock. Dont you think investors have a reason to be a little bit shy . I think absolutely. Theres a real vacuum of information about twitter. On the one hand, you have a company with a market cap of over 40 million, trading over 30 times 201 revenues 2013 revenues, so its richly valued. You have a complete lack of information out there. Then you also have a Business Model that, to your point, is very much in question. They cant monetize international, their user growth is slowing sequentially, and there are real questions about how much runway there is for growth in the u. S. What happens in a situation like this and at the same time theres a small float, investors get really nervous. You know, you saw a downgrade from macquarie who normally doesnt move stocks, moved the stock nearly 15 . That speaks to your point. Cheryl that was what was so fascinating last week. And a reporter at the New York Stock Exchange was just showing us the pressure on a lot of the big social media names. This is still a space that investors have good reason to be afraid of. Daryl just mentioned it. If you look at the slowing subscriber growth for twitter and, again, theyre not making money yet. I mean, this is where the founders really have to come in and say here is our plan, and they have yet to give wall street that plan. Do you agree or disagree with that . I disagree they have yet to give wall street their plan. I think we know their plan, we just dont know how effective itll be. Their plan is to slowly administer advertising to their stream and make those ads work across different platforms. So their retargeted product they recently unveiled f youre surfing on a hotel site on the web on your desktop, later on youll get an ad on your phone from your twitter stream. They say that system has been really effective in terms of roi. If they roll that out to many companies, that could be a big thing, but we just dont know yet. I think we know what they want to do, we just dont know whether itll work. Cheryl that growth, that advertising target that youre talking about, thats the older generation. Those are the ones that are going to have money to spend on hotels or the discretionary consumer. So maybe if theyre using if theyre losing use, do you think that they actually have room to grow in the older demographic that, again, has money that advertisers are going to want to go after of . I think they have room to grow. I definitely think theres growth here, but the question is how much. And especially when, you know, at some point facebook, their largest competitor, much larger than the than twitter is going to start rolling out more innovative ads. All facebook has done so far is turn on ads on its mobile platform, but once its ads become more innovative in the way twitters are, that may present real competition, and i wonder if advertisers will wonder if twitters worth it compared to facebook at that point. Cheryl also, daryl go ahead. Advertisers dont really know what the value of twitter is yet. They just really started selling ads about three years ago, and its a really interesting point. If facebook gets a lot more competitive with twitter, you already have all these Business Model issues, but if facebook goes aggressively at twitter, thats another real headwind. Cheryl i remember, daryl, they had a different road show that facebook did. I mean, it was night and day. Obviously, twitter learned something from what Mark Zuckerberg did. He ran around in a hoodie in new york city, and people were very turned off. At the same time, now theyre under intense competition from facebook and, frankly, Mark Zuckerbergs on the warpath. Hes got something to prove not just professionally, but personally as well. This is his baby. Do you think they need to be nervous here . I think so. Facebook has a huge war chest. You know, their ipo budget all that successful, but the stocks performed really well since then, and they raised a lot of money so they can buy products, advertising products, they can probably buy subscribers, and i think thats another big threat to twitter. Cheryl farhad, is there something happening in the social media space we dont know about yet . I think snapchat is the big thing. Whats interesting about snapchat is this app that, you know, deletes your photos, it also doesnt make any money, but facebook tried to buy it last year or this year. Whats interesting about it is its one of the first apps weve seen from the tech industryythat actually deletes data. I think theres, you know, we dont know if itll make money yet, but its interesting were starting to see a concern for privacy and a concern about, you know, sharing all the stuff that is the way that twitter and facebook want to make cheryl youre sending pictures maybe you shouldnt be sending, i mean but anyway, the kids are all doing it. Guys, thank you very much. Great discussion. Thank you. Thanks. Cheryl closing bell ringing in 17 minutes, it has been a tan tsaic year for stocks a fantastic year for stocks. Are markets ready for a correction next year, and if so, how much . Were going to talk with a money manager who has specific stock picks ahead for you. And france known for its famous architecture, art, culture, now you can add astronomical tax toss that list. Thats coming up next. Were going to tell you about the governments latest effort to soak the rich. [ female announcer ] what if the next big thing, isnt a thing at all . Its lots of things. All waking up. Connec to the global phenomenon we call e internet of everything. Its going be amazing. And exciting. And maybe, most remarkably, not that far away. Were going to wake the world up. And watch, with eyes wide, as it gets to work. Cisco. Tomorrow starts here. Cheryl if you are worried about higher taxes in the u. S. , spare a thought for people in france who earn more than a million euros, thats about 1. 4 million. Frances socialist president has won the support of the countrys Constitutional Council to introduce a controversial 75 marginal tax on salaries above one million your rovers euros. But the council refused to allow the tax to be imposed on individuals. It will be paid by their companies, their employers instead. This ruling has sent shock waves through frances business community. This affects 470 companies and about a dozen soccer clubs. Business leaders say it will drive high performers out of the country. French actor Gerard Depardieu whos famous for his role in the 1990 movie green card, he has left france. He was a very high profile departure, but there have been a lot more since this all started in france. Well, back here at home, 2013 has been a recordbreaking year for the markets, but we have one money manager who warns dont get too caught up in the hype. He believes a 1012 correction is headed our way. So how should investors play 2014 . Lets bring in chris, thats a pretty big, thats a pretty big prediction youre putting out there. Whats going on . Well, cheryl, whos left to buy . When you think about it, i mean, weve had the lagging hedge funds come in, weve had the Portfolio Managers that have performance anxiety come in, people who have been losing money safely suddenly decide, oh, boy, i want some of that data, and all of a sudden weve got everybodys thinking alike. Nobodys left to buy. You listen to all the sunday shows, fox and everywhere else, and people say, boy, things are great with the economy, and were moving along and, boy, when cheryl can i, my network, im sorry . I mean, no, we have weve had a lot of people be bearish, but thames, dont you think its a different environment than we had back in 93 and 2000 when the cab drivers were saying ive got to buy shares of that Company Company i cant even pronounce . Dont you think weve had a cautious runup in the last five years, and especially in 2013 . It would have been nice to see the returns weve had two years ago, the market could have supported it, and we didnt get it. We got it now. No question. People cant believe its continuing to go up. But when you look at a lot of the statistical signs for it, value waist sounds really extended, but theyre pretty high. When you look at whats happening to margins, you see companies that well see how they report. Thats why i think after reporting season here we could very well see theres nobody left to buy. I think everybody seems to be bullish at this point. Every single editorial you read or whether its barrons or the wall street journal, we could have a pretty good year all im saying is that were due to, you know, take the people that have been late to the party out. Cheryl can is kind of in your mind, correct me if im wrong, you kind of believe at some point theres going to be some small event in the market and were going to talk ourselves into this correction, again, because of that underlying fear many people have because of what theyve been through in the last fife years five years. Is that an aches accessment . Assessment . Absolutely, you couldnt say it better. Some political risk, i dont know whether its china or saber rattling in the middle east, but something is going to set people off whether its Affordable Health care being, you know, even more of a drain on the economy than people anticipate, therell be some event that makes people say, gee whiz, maybe we better head to the sidelines, particularly stocks that are up 510 , theyll say, well, lets ring the register. Cheryl you look for companies that have good revenue growth, im assuming you like the strong dividend payers, but a lot of those stocks have already been bought up. What is the criteria for you now going into 201 for someone whos sitting in their office thinking maybe id like to pick up some stocks in the new year . What would you tell that person . I definitely hi theres still some opportunities. I think you need to look at the laggards, and i would say not fallen angels, but tarnished angels, companies that have maybe missed a quarter of enearnings hertz, a john deere where, you know, they havent shown very much this year, and their brethren, whether its Parker Hannifin or, you know, pick similar in the machinery and Industrial Area have done well, and you can say, wow, we can look at somebody because theyre going to rationalize their businesses, and nows the time to cheryl its up 59 year to date. And, again, back to your point that people are a little bit nervous about the runup that weve had, they would say hertz is too expensive right now. Its going to pull back. Right. It has real topline growth. Look at the airline industry, look at the travel industry, look at asia and youll see. This is not just car rentals, this is everything from machinery and Equipment Rentals across the world, and heres an opportunity, they had a miss or sort of a weak guidance, and the stock fell down to about 21, 22, and thats what you need to do. You saw that in other Companies Like deere. Cheryl i have to compliment you, freeport mcmore rap, u. S. Steel, both are actually higher, free port mcmoran, im cues your if you still like those names. I still like those name, and i think the whole material sector which has been the biggest laggard this year is due. And theyre cheap, unloved, unwanted and underowned. So its a good time to look at those. Cheryl all right, chris, thank you very much. Cant wait to talk to you next year. Happy new year, cheryl. Cheryl you too. Closing bell going to ring, weve got six minutes to go, and on after the bell were going to be kicking off our 2014 outlook series with all of the trends you need to know in the new year. Today were tackling tech. Were going tell you whether youll be wearing google glass before the years out, ask yourself that. Davids already here, hes like stalking me. [ male announcer ] what if a Small Company became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new chnology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. Cheryl as we approach 4 00 p. M. Eastern time. Two minutes to go, second to last trading day of 2013. Here are names were watching for you. Disney, cisco, intel, cocacola. David asman joining me on set. David im not a stalker. Cheryl look at yearened performance, it has been a great year for the markets. David oh, incredible. The question whether we can sustain. In fact we have an invest it another 14 to go in 2014. Cheryl the bears are coming out. David lets go to Lauren Simonetti to see where were coming out. You have to start with crocs today, lauren. Big winner, up more than 20 . Folks over at stern ag, upgrading. Stock saying this investment from blackstone really going to be a positive catalyst for the stock going forward. Cheryl lauren, shares of lions gate seeing a pop following an upgrade. Absolutely. Lions gate got a 3 pop. Barrons research reiterating guidance and giving it a 41dollar price target. Catching fire, the movie, really solid for lions gate. David there is no stopping the hunger games. Theyre filming now. Theyre down 5 now, right . Down 5 . The volume is heavy. Thursday, friday and today, the stock has been all over the map. Volume has been very, very in twitter shares. Cheryl entertainment name, lauren, disney, hitting alltime high today. [closing bell ringing] entertainment or parks . Alltime high for disney. Number one on the dow and s p 500 today. Cheryl bells ringing on wall street. Lets look how stocks finishing out. The dow is finishing to the upside. We were up 25 points as we move into the close. Nasdaq as well. Russell 2000 finishing slightly into the red. David, a nice even day for the markets. David even day. I think theyre waiting for the new year to try to figure out where they put their heavy money. Look at front page headlines now. New i have had that the Housing Market is picking up. National association of realtors saying contracts to buy previouslyowned homes did rise slightly in november. Cheryl home prices back in record territory in some american cities. Seven years after the housing crash but a wall street journal analysis find recovery pretty uneven right now. David