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Transcripts For CNBC Closing Bell 20141017

That was the question of being the top for stocks. The closing high was below that. 17,279. Today the dow trying to stay positive and the s p. Nasdaq higher and the russell, scott, which has turned weaker and plenty of atngs. I have been saying throughout this week that among the people im speaking with, thats the thing theyre watching maybe more so than the other internals within the market is follow the russell, follow the small caps. But yesterday the Third Straight day of a 1 or better gain. Rolling over a little and rolling over a little, the market off the best levels, as well. Watching the small caps. Art cashin saying its all about crude. Lets get right to it. Joining us is john manly, christine shore, david darst, steve parker and our own rick santelli. So, welcome one and all. Rick, i am going to start with you, actually, here because this morning we heard from janet yellen. She was talking about inequality. European central bank may be talking about further asset purchases.

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