you have to be in the market for the long term. now is not the time to be selling willy-nilly because, you know what? if you have a mutual fund, it takes you a day to unload. what if you sold it yesterday and now the market s up 155? reporter: i m more bearish. i think you should be more in this crazy environment, which is a huge question mark, you should be more into cash. i don t give investment opinions, but i m looking long term. do i think the economy s going to be much better a year from now, and the markets are a reflection of the economy? i don t know how you could say yes because you have fiscal policy gridlock in washington, and the fed just can t go in and print money anymore. reporter: and i would say a year is a short-term horizon. reporter: wait until you lose. alisyn: it s up 160 points right now, gerri, what do you think happens at the end of the close of business today? reporter: if i knew that, i d be a wealthy woman. reporter: i predicted 500 today, and her
reporter: many of the other passengers ran toward the front of the bus and piled on top of each other, desperate to get off. the man who criticized the parenting, the target of all those bullets, he dove right on top of that 4-year-old boy. the bus driver then gunned it and got out of there. alisyn: oh, my gosh. that was reporting from philadelphia. the cold-bloodedness of that. i mean, just firing into, randomly, into a bus. bill: that was a wild afternoon out of philadelphia. okay. we re watching right now in orlando, florida, the casey anthony hearing is underway. now, what s this all about, you ask? this is a question before the same judge, belle vin perry, to decide whether or not casey anthony should serve probation for a year for that check fraud conviction. or resume life without any legal restrictions. that s what the defense attorney, jose baez, back this court. she was not there, by the way. we were given an indication she would be required to appear. the judge said, no,
the trend is not good. when i talk to people who invest long term, sophisticated people, people who run wall street firms, they will tell you, you know, listen, the economy, there s nothing that gives them hope about the economy doing much better. we may be mired in 8.8, 9.2% unemployment, but what s going to get the economy going where you get people working and gdp grows, that s the sort of function that makes the markets grow. reporter: and, frankly, charlie, it it s the debt probl. yesterday started in europe, and that s where some of the biggest problems are. they re going to have to underdeliver reporter: i don t think it s a debt problem here. i think the markets are acting purely reacting purely to lack of growth. when we finally had an agreement, i really think people are worried about growth here. listen, we may have better growth going forward, we may not have 1% growth every quarter for the next year, but, you know, that doesn t do much to unemployment. reporter:
and, the most wanted man in mexico and both are fugitives and many speculate the reason they are free is because they have been tipped off in the past and the dea, and u.s. attorneys office will not comment. now, in pleadings, however, the u.s. does not say that he was not an informant, only that he did not act, with their content and basically this is an attempt by the defense to get at dea records, that would explain our dealings with the cartel, and, maybe get the agents on the stand. alisyn: do we know who allegedly made the deal or authorized it? reporter: right, well the first deal was allegedly cut bye-bby the lawyer for the cartel and he became a dea informant, according to the records and the justice department had dropped the case against him, in 2008. now, he allegedly fed the dea information from other cartel leaders and later the dea wanted to get closer to them and so
it s modest, at least it wasn t a contraction in the number of jobs, it was a modest expansion. that s how we re reading the numbers. bill: and you ve been warning us about these government layoffs for months. the markets today, which direction, stuart? reporter: okay. when the opening bell rings, the market will go up a little. there will be a modest bounce. if it opened right now, the dow would be up about 65 points. now, that s not much of a bounce after a 500-point loss yesterday. frankly, bill, it s very hard to say how this market will play out over the full day s trading because, remember, it s not just america s economy that is moving this market, it is europe s crisis which is also moving this market, and there s not much encouraging news from there this morning. bill: pick up on that point. as a financial man, how do you analyze that when it comes in the direction of our country and the direction of the world? reporter: okay. our country, in america, looks like we re in f