your money to get a return. corporate profits are strong. companies have $1.7 trillion, a record amount of money in cash. they re not hiring us but they re keeping the money in the bank and stocks are at a fair value here. when you look at price to earnings ratios, we re right along the historic averages. record highs for prices but the value of stocks is still pretty fair. here s the case against buying stocks. europe is in a recession, that s a problem. washington, the debt theatrics there. if something goes wrong, you could see interest rates start to move higher and that could really hurt the stock market. the american consumer is strapped. how much longer can people with declining incomes go out there and keep spending so much money? and there s something in the markets called profit taking. when you look at a big rally like i just showed you those numbers, sometimes people take money off the table. there are hedge funds who are betting against the market here for all of those rea
d.c. a lot more at the top of the hour. that is pretty ridiculous. anything that goes on these days. see you in a few minutes, anderson. and our fifth story, president obama is lazy. these are the explosive comments made by roger ailes. vanity fair released an excerpt in which he says ref referring to a comment someone made about ann romney, obama s the one who never worked a day in his life. never earned a penny that wasn t public money. how many fund-raisers does he attend every week? how often does he play basketball and golf. he s lazy. obama said that the barbara walters. all right, he did. i m going to get to that in a moment, but are those comments rationally charged or just frank talk? michael and van jones, a cnn criminal intenter. racial? very. very. first of all, i swrus want to say i worked with this president. i worked for him. i know his work ethic.
enjoying it. there wasn t a lot of pressure. i did tell the mascot before i shot that i felt like i was going to make it. it was just enjoyable. my favorite moment is watching jenny s face as watching you make that shot. the cutaway to jenny is hilarious and of course boom, oh, it s good. jenny is about to pass out. you guys could use the money, you made $20,000 because you made that shot successfully and as we mentioned you ve struggled with your health, you re in the middle of your chemo treatments for a rare form of cancer, that $20,000 will come in handy i would imagine. how much did you owe in medical bills? we don t have an exact number. the lord has been good in people being generous and helping us with our insurance. for us it s about the money, the
leave of absence. a controversial ban on abortions after 12 weeks is now the law in arkansas, where state legislators voted wednesday to override the governor s veto. the new law is the most restrictive early abortion advantage in the country. the government said it blatantly contradicts the constitution. the aclu will challenge this law in federal court. so you don t have to worry about him anymore. mitt romney has landed on his feet, the former republican presidential candidate is returning to the private sector taking a role in an investment firm that is run by his son, tag. he ll spend about a week out of every month advising the firm. that s a nice little gig. he s made some money doing it. i ve listened to what mitt romney has to say about private equity. you could call the coo of facebook many things, sheryl sandberg many things but don t call her bossy.
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