Made an offer to buy the company. Josh brown, Wealth Management. Josh, great to see you today. Whats going on s p and dow basically hugging the flat line right now, taking a breather, i guess you could say, from the record run we saw earlier this week. I think you nailed it thats exactly what i see going on indices are stalling out given the runup, i dont think, should be a huge surprise. Rates are higher, which is interesting. Lot of the big winners of the year, like iyr, xlu. Anything rate sensitive also taking a breather. Xlf is falling out, the financials indexing etf got above a 70 rsi for the first time in i cant remember how long thats an overbought index when was the last time we were talking about the banks being overbought you have this confluence of things its perfectly natural keep in mind the big picture caterpillar, the whole industrials xli, etf, all hit new 52week highs yesterday. Honeywell, new highs these are things that do not happen in the context of a bear market o
Mission critical, rise above d. C. Welcome back from our nations capital. Im Mario Bartiromo with brian sullivan. We continue our fiscal cliff coverage, mission critical, rise above d. C. Weve heard a lot after a morning of interviews and action on capitol hill. Here is what we know now. Just a short while ago House Speaker boehner said hes still waiting on a solid plan from president obama. Im hopeful we can reach an agreement. This is a serious issue. Theres a lot at stake. The person people sent us here to Work Together towards the best possible solution, and that means cutting spending. The president doesnt agree with our approach, hes got an obligation to put forward a plan that can pass both chambers of the congress. Meanwhile despite all of the back and forth, the market is seemingly optimistic today. At least some form of a deal will be released. Weve been up 100 points on the dow industrials for the past hour. Senator mark warner of virginia perhaps putting it best saying comp