close. down about 11 points on the session. the nasdaq and s&p holding on to the gains but they too gave up much of the earlier rally. we get straight to the markets, we lls fargo advisor is with me as well as rick santelli. how are you treating this rally here? a lot of momentum but volume deadly. yes, and what we ve been telling our client social security we don t want you chasing this rally. this is right in the target gone for the end of the year. i think we could go more, but i think traders should fade this rally. where are you? i would not chase anything. baeken down stocks like starbucks, caterpillar, and mcdonald s that hit short term blows. nobody believes the rally or wants to get involved. we re going to 3,000, be in cash, and the market continues to defy all of those predixes. what about you, rick santelli, the market has been saying something in fixed income for a little while here. yes, i have two observations. europe is the excuse here but if there w