I have not been bullish banks, one is u. S. Bank corp, but these banks will continue to rally. Among the banks hitting new highs today. Alltime high. But u. S. Bank corp, alltime high. Also trades to two times book as opposed to bank of america, citicorp, 80 of book. Can they rally . Yes, because people that put these things on the shelf for the last eight years are now piling in. Defense stocks continue to work on the industrial front. Tim can speak about mining names. I think in certain sectors, they work. But can the banks continue to rally, yes. Keep riding the rally . What i like the rally, guy talked about financials, industrials. Those were the early bloomers. But now we have great housing numbers today. I added to my kb homes, pulte homes. Housing can run. Even with rates. Even with rates. When every housing recovery has been with rates rising. So everyone has been afraid of this trade for years now. They have been afraid of the housing trade. Because of rising rates. If you lo
More fallout and reaction to our exclusive interview with billionaire investor Stan Druckenmiller. His critical comments about ibm prompting bill miller another famed investor to take to twitter in defense of big blue. We will show you what both said and hash out who may be right. Two very smart guys two very different opinions on ibm. And later today weve got tony robbins, his first book is out in nearly 20 years. Its all about money and gaining Financial Freedom, which by the way, coincidentally the same thing cnbc and this show is all about, but tony robbins will be here at the New York Stock Exchange later on closing bell. A lot coming up. Here is where we stand. An hour to go to the close. The dow is off 89 points. Weak session across the board. Earlier today it looked like a mirror image of the gains we saw yesterday. A couple of differing reasons as to why that may be going on. Maybe just some profit taking. A banner day yesterday with the nasdaq closing above 5,000. Today at th