Large cap stocks and leading stocks like amazon and google are running away with the market. Small caps falling farther and farther behind. Classic sign of a major top. Im saying 2016 will be a bad year. Melissa jonas, when you look at year, dow, looking negative for the year, s p barely in positive territory, nasdaq though has had a good year. Is that going to prove harry wrong . Is that where were going to see the burst . Proving harry wrong, i just remember him with the dow 2,000, back in 2,000, i thought he was one of the bubble guys. I think bottom line is, there is a lot of money following bad advice for many years now. Worried about inflation. Worried about american decline. Worried about the dollar falling. People lost a fortune in commodities and hedge funds, in a lot of bad ideas. That money will move back into traditiona assets out of alternative u. S. Stocks indexes. A lot of active management, hedging didnt work out. That will drive the next year even though fundamentals E
He calls it, they pulled a congress. Waiting for goodow, and a lot of others said sticking their heads somewhere else. Its trough. Jim, thanks for coming on. Well see you on the set in pebble. Thank you for having me here. I appreciate it. Thank you for coming. Join us tomorrow. Squawk on the street is next. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber here at the new york Stock Exchange. Take a look at u. S. Futures. We should note the dow is posting its bst january in 17 years. We are looking to go higher on the dow here. Investors are awaiting the house vote this afternoon on postponing the debt ceiling. News in europe, David Cameron vowing a referendum on whether britain remains in the eu. In japan, longest losing streak in two months. China awaits data, thats out tonight. The road map in the u. S. Starts off at the golden arches. U. S. Samestore sales up 9 for mcdonalds, helped by the dollar menu and mcr
Youre the only person on the stage thats ever been fined for hiring people to work on your projects illegally. Im the only one on the stage that hired people. You havent hired anybody. You get along with nobody. You dont have one republican you dont have one republican senator you should be ashamed of yourself. But youre not beating hillary. If i cant hey, if i cant beat her, youre really going to get killed, arent you . But is the story of the debate changing the media forecast . What do ordinary folks think . What will the conservative commentators who detest trump do if he wins nomination . Rich lowry joins us on that. Hillary clinton trounces Bernie Sanders in South Carolina with 74 of the vote yesterday. And looks to have a big day on tuesday. Are the media convinced the surge is over . Plus, as Campaign Victory spreads across social media with friends dumping friends, is facebook turning toxic . Im howard kerts aurtz and this media buzz. As donald trump prepares for a huge victor
Farmer in front. Goal glor a stunning comeback for team u. S. A. This is the cbs evening news with jeff glor. Glor this is our western edition; good evening. Were going to begin tonight with the latest package bombing in austin, texas. Police say it is the work of a serial bomber now showing a higher level of sophistication and skill. For the first time a trip wire was used so anybody walking by could set it off. The police call this a significant change from three very targeted attacks when the bombs were left on doorsteps. The toll from the four bombings is two dead and five injured. The latest went off last evening just hours after the police appealed to the bomber to contact them. Omar villafranca is in austin. Reporter the fourth bomb exploded after two men on bicycles hit a trip wire, setting off the device that was placed next to a fence. Cbs news obtained this Home Security video where you can hear the bomb detonate a few houses away. explosion the men, in their 20s, were taken