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FBC Varney Company March 24, 2014

Charles we have a check on the big board, Dow Jones Industrials gaining 200 points last week. But we are pulling back this morning. This could be a critical week. I see it as a continuation from friday. Big games that pulled back, i do say bubble, dont like to use a word, but when it comes to biotech i saw the last couple of weeks the it could start collapg on friday and bio techs collapsed early in this session, starting to pull everything along with it. Circuited nasdaq. It is important to point out where we are right now. S p 500 up 1 on the year. The Broader Market rarely in positive territory. What has been scary to me is when the market does really the past few weeks, charles, it has been led by telecom and utility names. High dividend paying stocks, safe names. You have not seen an aggressive investor out there, which means there is some hesitancy to get in the market right now. Charles they are not going to the sidelines. They are rotating to safety. Another major point is the

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