dawn zimmer what she wrote to herself in details with troubles new jersey governor chris christie. in a letter to the state legislature this week, zimmer explains the reason she did not come forward last year when she says the lieutenant governor threatened to withhold sandy aid because she did not support a project allegations the governor has denied. in an attachment to that letter zimmer included the undated journal entries which she says are notes from a conversation with hoboken s attorney. quote, yes, this is illegal. i debated with joe mar ziti whether or not to go to the u.s. attorney. we decided that christie has friends throughout the u.s. attorney s office. not much chance of getting help from them and it could create a nightmare for us. a little scary to realize there s no war to turn. my best defense is to stand up to the bully, my beloved gov who wants to run for president. her beloved gov of course ran the u.s. attorney s office in newark the one who is now i
fractional winner. the nasdaq is higher by seven and a third points and the s&p is up one and a half. the s&p bha close to multiyear highs, but are stocks still cheap? they re trading at 13 times forward earnings, the lowest level in about three years. it s typically the forward pe, that means things are looking company and there is value in this market. with all of the uncertainty about europe, they re all still hanging over us, do you want to stay in the side lines? joining us is mike gibbs, and our own rick santelli, good to see you all, thank you for joining us. we ve been waiting on the fed and waiting for more intervention, do you think it will happen in exception, is this rally getting tired? no i don t think the rally is getting tired. people are talking it down saying we re going from 13,000 to 3,000 in the next couple years. i think this is a market that is reallyly valued, stock that s have gotten inexpensive, and whether we re waiting on the fed or better use
today s sanctions to see whether they re working and how banks should be punished if they break the rules. and, a 75% income tax? oh. what s the impact? that s the proposal in france. and they may be about to find out. but we start with sue at the nyse. where d the fear go, sue? not evident today and we start out with the markets. up a little bit this afternoon after being down this morning. but, this is a big but, of course, we want to reinforce how far we have come on the dow. more than doubled since march of 2009. we certainly hope that s the case. also take a look at the etf. the vxx. it tracks volatility to some extent and down 2.63% today. in week, almost down 11%. as of today, doesn t seem to be a lot of fear out there. traders i had a chance to talk to a few minutes ago saying because we re seeing a bumpy and somewhat consistent improvement in some of the economic data and earnings. back to you. thanks very much, sue. now the housing market. the key many say to re