The nasdaq up for a while because, if you think about it, 2 3 of the nasdaq components are well into bear market territory and well past correction territory. Why do you follow that so much . Well, sometimes when we dip into a bear market we dont dip out of it. Normally when you do, you sort of stay around town for a while. Meanwhile instant beneficiary when people get rather anxious about the market and stocks, wellthey park their money in bonds. The yields have collapsed as a result. Think about what that means. People would happily accept 1 1 2 on their money rather than lose their money. So that is interesting development. You always see when the market cascades. All right. Oil started this, as i say, phil flynn, on whats goingson and how low do we go. Phil, what do you think . Well right now, neil, we hold the low for the year. They were testing that when the Global Markets were melting down. And thats going to be a key number. A lot of people, more people than ever are betting that oil prices are going to go to 25 a barrel. How do i know that the . You look at the open interest in the options. Thats how people bet where they think oil prices are going to go and there is a regard amount of people that oil will hit 25 a barrel in the next 10 days because as options expire the 17th. What were seeing there is still a lot of bearishness and that is the price level people are going to. But right now the markets seems to have a bit of a bounce. Oil seems to be rallying off of some of Janet Yellens comments believe it or not. It is amazing to me those comments the way everybody is watching to see what she says. She said she didnt anticipate the dollar strength. She doesnt anticipate negative Interest Rates. I dont know why she shouldnt because she really should have. Whenever we see markets move a divergence of rate course between what were doing and rest of the world is doing. She should have seen that coming. That has disturbed market a little bit. Neil my present, thank you very, very much. It is scary time down there. To New York Stock Exchange we find our Nicole Petallides on what sectors are really getting creamed right now. Nicole. All 10 sectors are lower, neil. Financials, industrials, materials and energy are the four worst. Financials when we look at that take a look at the dow down 320. Tumbling Interest Rates. When we see Interest Rates are the lowest since 2012. That weighs on these financials, right . As rates go up there were hopes for the group. You see Goldman Sachs, yeartodate, 20 . We have a few warnings, citigroup down 25 . Bank of america down 6 . Wells fargo when you look at group in the s p 500, half are hitting 52week lows. Names like prudential, down 19 . Lincoln down 40 . These names obviously are very, very susceptible to the moves, not only the treasury moves but the global worries about the slowdown. This is the worst group of 2015. These are in everybodys 401 k s and ira, whatever you have. S p, dow and big picture here, there is also the worries about the banks abroad. That gives a little trickle effect. Back to you. Neil nicole, interesting when you talk to folks, when selloff started gaining steam middle d year it was greeted calmly. I notice with each success, triple digit hit. What started gaining steam . When selloff gaining steam. The selloff. Neil im wondering whether the calm reaction not to the point happily accepting it, but being sort of lowkey about it i notice a few more frantic traders these days. I heard some times, neil, they want real carnage. They want the real selloff. They want what is called capitulation. Neil right. They feel like were getting a little slice, little slice. We had 26 days of 200 point swings. Enough already. That is really feeling here. They want that big selloff so they can purge and start over but theyre just not getting it. There is somewhat of anxiety. See that in the fear index. Neil nicole, catch her bright an early. Great disposition, great move. Even if markets are tanking, way, way early at 5 00 a. M. She is sort of there to brace it for the day. We talk about this capitulation. Very analogous to ripping off a bandaid. You know it will hurt like heck. Get pain out of the way and deal with it. Little bit of sort of ripping it off a little bit at a time, depend on trader, how it suits them. John tamny is a bull through all of this. Dan shaffer a bear through all of this. Dan, bear argument certainly in vogue today is what . Well, janet yellen testifying on capitol hill certainly shows that she does want to raise Interest Rates. Everybody keeps talking about these negative Interest Rates but i dont think the fed is going to do that. So the way my Technical Analysis is lining up is that the dollar will continue to get stronger. Interest rates will inch much up this year because the fed has to follow mandates which sun employment number which is right at their target. Wages are right at their target. Maybe the economy is slowing down a little bit but i dont think enough for the fed to say it is enough to lower Interest Rates. And this, neil, is very similar to the late 1930s which caused the great depression. So my targets on the stock market right now, going like phil saying options expire next week, into next friday cycle low. Were looking for 1760 on the s p and below 15,000 on the dow. Neil all right. So by your math we still have about another 7 plus percent to go . Yeah. It wont be the end. This will be a cycle low. Neil great. Another low into april. Neil arent you a harbinger of great things. Sorry, neil. Neil john, you dont quite see things that way. What do you see that he does not . Stronger dollar historically lured investors back into u. S. Stocks. Look at low oil price, we had oil much lower in the 80s and 90s and coincided with very major bull markets and by definition it should have. Lets face it, backwards countries extract oil. Think venezuela, think iran, think equatorial guinea. The fact that we can import for our much more advanced economy is a very bullish sign alongside a strong dollar and i think the fed is irrelevant. The fed interacts with banks increasingly shrinking aspect of total lending. Neil you know, dan, when i step back and look at this market, mentioned janet yellen i think she confuses foles because yesterday the read i got from her, i was in the New Hampshire at time, well, market volatility comes into the equation, im paraphrasing here i think im paraphrasing but we have plenty of volatility. You would almost think markets and their volatile reaction would themselves lead to a calming wave of buying because because that volatility is what apparently the Federal Reserve would look to make a move or not mach a a move to eyes the angst out there. Not happening. Why not . That is a very good point and everybody does watch the fed. The point i see and the way janet yellen is talking, first of all, she doesnt even know if she has the ability to go with negative rates. She says she has to check. The second thing this time around the Federal Reserve may not come to the rescue. They have done that for over five years. Their Balance Sheet matches Dow Jones Industrial average increase. And now theyre probably saying to themselves, you know, we dont have a mandate that says were supposed to support the stock market. We need to get Interest Rates back to where they were before. And so they may take the path of saying you know what . One more notch up. Let market come in a little bit. Neil, the market could come in another 1,000, 2,000 dow points. They still dont have to be jittery upset about it. If theyre trying to get cash into the system, they need to start paying interest on cash balances and money markets. Neil i dont know if theyre going to do that. John, one of the things i noticed, were talking about, you know, adding cash to the market, whatever, were looking at treasury yields that are the lowest in close to four years. Were looking at lowest gas prices that were seeing in this entire cycle. So you could argue that that is a cushion for these markets. What do you think . Well, yeah. Why would we want to put a cushion under the markets in the first place . A correction can be a very healthy thing whereby neil as long as it is just a correction, right . Free falls into a bear market, that last as while, right . Yeah, but ben affleck had a correction because he made gili. But forced him to make argo. Neil that is very good. I have a lot of good things. But beyond that, you look at the fed here. The fed interacts with banks that lend a shrinking amount of total money. I think 15 . The fed can not increase credit. All it can do is force the misallocation of some of it. So if the feds doing nothing, that also is bearish because it is going to mean the real pros will allocate capital and credit to where it needs to go. Neil the question is when i guess. Gentlemen, thank you both very much, movie references and all. You might notice no one mentioned the upcoming batman versus superman movie. I think wisely so. Blake burman. Candidates are addressing this on the campaign trail. A little convoluted here but blake, what are you hearing from them . They dont get into daytoday fluctuations down red, up green. The economy is certainly talking point. The republicans talk to lack of growth they see in the economy. Give you within example. John kasich in South Carolina. Just wrapped up speech we were listening to. He was talking about the economy. Said it is coming along he feels. But he added that the government is quote, bungling everything. Its not great. Its terrible. Worst recovery since world war ii. But, you know, if they got it right, control regulations, cut tax, dont raise them, and control the spending we would start growing like you wouldnt believe reporter senator marco rubio long contended that lawmakers dont create jobs. Says the environment for which businesses can provide those opportunities. Hes in South Carolina as well. Yesterday he pointed to just like kasich, slow growth as well gas prices are down but the economy isnt growing. Jobs are arent being created. There is lack of confidence in the future as well. All of these things combining at once. That is the road were on right now. Reporter democrats, they pound wall street, neil, for one example, Bernie Sanders gone on as far to say that the system he feels is rigged. Back to you. Neil blake, thank you very, very much. Take one more look at the markets before we take a break here. Were down 318 points. An interesting development, it might be esoteric i want to pass it along, how companies are getting skiddish we see recession coming or slowdown coming. One thing to whine about it and do it in what youre doing. Royal dutch shell, canceled a better than 14 1 2 billion dollars bridge credit facility. That was mechanism which it was going to complete a purchase. It is using cash on hand. It doesnt see value in doing that as Oil Prices Slip away. Better to deal with the cash on hand than the volatility in the credit markets themselves. When youre doing this at cycle lows in the Interest Rates, they seem to be saying, you know rates could go lower. We dont see great level at borrowing at high level to do something. They have obviously shook their hands to say, you know what . We see rates going lower. Why should we go ahead and borrow at these rates, much like you holding off decision to refinance a mortgage or buy a home if you think that you can get a better deal on rates or better deal on the home . When a big oil giant starts rea reassessing things and means it will pay for things, that is something to watch. I know its boring but i am boring. That is what i live for. Someone disagreed. All the rest of you nodded their head. Chris christie is out. Chris christie is out. He did have a lot of big money backers. Where are they going to go . Where do you think . After this. Neil first thing that hit me when i got in from New Hampshire. It is cold here. Maybe colder. I immediately called my staff on the phone. That is way i roll. Were always moving. We have to get weather update because there is coldsnap across the country. Neil, our meteorologists are busy. They cant do anything. I understand that were never in short supply of those who know the weather. That is where i want to bring in my buddy to sort of tell us what is going on. Hi, neil. Neil matt, we should stress youre not a meteorologist . Im not. Neil youre a pretty good judge of weather. I think i am. Neil help us out. Well, moments ago, actually sunny out. Now it is kind of cloudy. I think they call that partly cloudy or partly sunny perhaps. Flags are moving so windy out. Probably, 510 mileanhour breeze. Neil really . Can get the five, 10 . Sure. Stuff coming out of peoples mouths down there. Like smoke. Neil those are our viewers. Careful. Are they wearing coats . Wearing heavy coats . Yes they have heavy coats on, yeah, yeah. Its cold. Neil okay. Well there is your weather update with matt. Well be going back to him lately. Matt the meteorologist. Oh, you are . Great. Neil thank you for that weather update because were here to serve, america. Just because people, the right people, im not saying matt is not the right person but far from the right person for this particular subject. We can look out a window too, say, hey, you know, its cold. All right. Brings to us this guy. Who is very qualified when it comes to talking about the weather. Political weather. Political weather. All right. Charlie gasparino now on christie dash for cash. How are you you . I must say this. We might have been one of the first, if not the first on cavuto to break the story he was definitely out. Neil sad. Sad. Neil you move on. Certain news organizations gave it to abc news. I dont know why but well get into that. Neil you dont hold a grudge. One thing i admire about it. Name of the organization. One very close to it. Neil he used to have a big money early on, ken langone and they were dropping off. Who is out there. That is how you knew he was in trouble. Another story we broke on fox business. Ken was basically saying i cant raise anymore money for you. Christies wife, mary pat has wall street connections, she used to work at hedge fund, became his principle fundraiser. He still has a good list. Still a lot of wall street guys at that like him. He can be a really good fundraiser for a certain candidate depending who he backs up. I mean neil do you think he will commit to anyone . So far he says no. I dont know but i remember in 2012 he raised money, even though he and romney didnt get along because of big hug he gave him during sandy. Neil there was technically no hug. Aggressive handshake. Got a little ahead of himself. But he raised money from steve cohen the Hedge Fund Guy and a lot of others. His support could help in fundraising. I know a friend of mine, fairly Significant Investor in new york, wants him to back up kasich. Neil kasich. Kasich. Neil people got back to me. Reminding people that it is caseich. Kasich. Neil cadell does that too. Who doesnt look at jimmy carter. Did you hear . Here is what is weird about it. They would never make a big deal about that. Now that he is moving fast, interesting. Listen this, race from the establishment standpoint is a muddle. Neil did you sigh a christie coalescing somebody like kasich. Kasich. My guy who is fairly significant fundraiser, very close with the inner circle of christie backers, langone and them, wants them and wants christie to support kasich. Neil kasich. Im sorry, kasich. I cant help it. My tongue moves a certain way. Neil very good to see you. A lot of people asking for you. Who . In New Hampshire . Neil yeah. You wasnt from hottest nightlife places in world from des moines to manchester . What were the strip clubs like in manchester . Neil really . You had to do it. What did you do at night . What did you do at night. Neil look at the dow. We might have a weather update. Are you around to help with weather. Ask him, ask connell to give update on Florida Alligator story. Neil i will. I heard about it and but we have standards. Meteorologist, matt, we have standards, right . We sure do. Very low, right. Neil matts getting ready for another update. Janice dean, the weather machine, wherever you are, we dont need you, baby. Im kidding. We dont need anymore sellers but we seem to have them. 350 points down on the dow. The nasdaq just peaking bear market territory. What does all of this mean after this . Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Neil selloff ensues. Last president bush 43 is helping his brother out in South Carolina. A turf very friendly to bushs under fire if you will. He is going to be there to help his brother drum up support in a state right now overwhelmingly, at least judging by polls favors donald trump. It was South Carolina he turned things around after getting bested by john mccain in 2000. There is always possibility that lightning strikes twice here, well see for jeb bush who is bringing his mom in and video statements from his dad. Now his brother. It is allout bush assault. Who knows if bush is better than the man who served under first bush, right, and second bush, no . No. Neil he is the guy and all around economic svengalis and alerted to me a galley of his new book, price of prosperity. Its a Debbie Downer, essentially says why rich nations fail and how to renew them. But for now theyre all failing and very little hope of renewing them way things are going, i guess. There is still time, neil. Youre a young man. You will get to see prosperity again. Neil time, we need to renew them now. First off on the political stuff. Right. Neil is former president bush going to help his brother jeb enough . The question is, former p