Good morning and welcome to squawk alley. With me at post 9, jon fortt and brian sullivan. Welcome. . Thanks. Great to have you. Joining us as well, henry blodget. Good morning to you as welp. Great to be here. Our top story of course is january net yellin and the fed unanimously approving the first rate hike of the year, the second in the last year. This is the major averages cut early losses and continue to close in on dow 20,000. Henry, not eve an rate hike can stall this rally, but the question is whether were just borrowing from 2015 gains that the point. That is the question. I certainly hope things continue to go up. Its changing the mood, suddenly people are optimistic again, its wonderful, but stepping back, the fed is raising rates. That is generally not good long term for stock prices. And as weve talked about a lot over the last few years, stocks are very expensive on a historical basis. The defense for that is rates are super low. Now rates are going up. So the combination
Need to have the bond market going with with you. Right now Interest Rates are headed down. You need to see Interest Rates shoot up into this quarter. You also need to see more fed governors saying, listen, we need to do four because thats how jpmorgan gets the additional 3 billion. I like the call. I dont know if i like the call this week because these stocks have gone parabolic. When you see stocks parabolic. Which one has to go . Wells fargo hasnt done anything. Jpmorgan, very high. Thats the biggest issue. Jimmy raises it right there. Should you stay or should you go . The stocks have had tremendous run since the election. Bank of america is 32. Jpmorgan is 23. Citi, 21. More january stanle more. Who would have thought that can happen . I know. But i think you have to i think you stay. I dont think you add. I agree with jim, i think there will be a tactical opportunity to gel out of these names a lot cheaper. Why not take profit in this space . You cant be that kind of trader. In t
Ticket only gets like 10 grand or Something Like that. Rosanna a propaganda tool. Apologizing. Saying it was our mistake. What happened here. It looks like the giants, we all know, tom coughlin, no longer a giants. This guy could be the next giants head coach. The guy with the sunglasses there. The word is, he has the job. Ernie the first debate of 2016 tonight. You know, those should be inspiring. Not saying nice things. Rosanna lumping the rest of us in there, too. All right. He will probably say do not mess with texas. What does that mean . Here is a little clip. Here we are rocking the bunny hill. We look good. We have great form. A couple of things about it. By the way, you look very good. That is not to create. It is in new jersey. Only about an hour 15 minutes in new york. We will have the video highlights tomorrow. Thank you. I was hoping somebody one in our happen for us. Mike california, a small town in california. We did win. Inez, would you like to make the announcement . I
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