As we saw volatile day for oil, bill, as well. One of the days where bad news was bad news. You could have argued once an upon you could have said bad news would mean that the fed would delay raising Interest Rates and the market rally on that. That didnt happen today. And you wonder if thats the kind of action we will see going into 2015 here if suddenly now bad news is bad news and vice versa. Volatility bill seems to be here to stay. Yes, maam. It is. Well talk about that. The volatility index is moving up as well today. Theres the dow up 120 as kayla was mentioning. Down about 99 points at the apex of the day. The low of the day. Now down 30 into the final hour of trading and the volatility index. Made a liar out of me. Down to 1831 and rather elevated level when you consider the rest of the market has been doing. S p down 5 points today to start the new year. And the nasdaq down 17 at 4719. Before we sta start our panel discussion, we want to hear from you at home. Log on the to cnbc. Com vote. You know how this works. We want the know if you think 2015 will be a good year for stocks or not. So you can vote while youre listening to our discussion and see what the Panel Members begin and first one for 2015. Joining us today, Jennifer Vail from u. S. Bank. Tom metsol with us today. Jim la camp and our own rick santellis back from vacation. Good to see you, as well. Jennifer what is your answer . Can we make it seven in a row . I think we can make it seven in a row. As least relats to positive versus negative market and looking at pretty decent earnings potential in 2015. Wont be a knock it out of the ballpark year but should be a positive year. Jim normally when were in the third year of a president ial cycle, we see a bull run for stocks but we have already gotten so much ground gained already in the markets from here that some people are saying hey, maybe were poised for a slowdown especially with the wild card of a rate raise hanging out there in the balance. What do you see ahead for stocks . We think rates are going to remain lower longer than everybody else expects. These numbers today dont surprise me. Looking at the manufacturing numbers out of dallas and chicago last week they pointed to a slowdown in manufacturing. Look. We think Interest Rates remain low and equities will claw higher in this new year. Maybe 6 to 8 maybe a little multiple expansion along with your earnings growth. Earnings growth about 6 6. 5 . But the key themes this year are Central Banks and what theyre doing. We think the European Central bank more aggressive as will the bank of japan making the dollar stronger, more money into the u. S. U. S. Stocks claw higher and more volatile this year and more difficult. Tom, i think you agree with jim. You see a rate rise later rather than sooner by the fed. Will we have another good year for equities necessarily . Well im not so sure that equities will do as well as they have done in the past but i agree that the fed is not going to raise rates anywhere near as soon as people think. The economy is just not Strong Enough to sustain that. I dont think the fed risks raising rates too soon. With the federal bank leading the story, youre still saying there is no alternative. How can nothing have changed from last year to this year on that front . Well i think, you know from an investor standpoint you look at the world and just look at commodity prices. Look at copper prices. Forget energy for a second. Copper prices iron ore prices. I continue to think that we have a Global Demand issue and in that Global Demand issue Central Banks are reluck tantd to take the punch bowl away. I think youre going to continue to see the ubers with capitalizations beyond belief because the money has to go somewhere and today is a perfect example of how were held hostage to central bankers. Whethers going on with mario draghi potentially in 2015 and the bazooka being fired pushls yields under 50 basis on a close today and, of course, that relationship is one of the reasons we saw 2. 10 in 10year note yields. Does that matter . Thats going to be huge. Pardon . Does it matter what the Central Banks do . Look at u. S. Interest rates versus german Interest Rates that youre pointing out. Spanish, french f. The Federal Reserve board raises rates, people buy u. S. Treasure Treasury Bonds for yields and better credit quality than other countries around the world and we think rates remain low no matter what the fed does. I agree. The fed starts to tighten, it could poison the well. You have to be very careful as an entity to raise rates trillions of dollars of security is lets add Brian Reynolds to the conversation. Happy new year to you, brian. Beginning this segment, we asked our viewers if they see a good year for the stock market in 2015 or not. Initially the vote was very bullish. About 70 said yes. Now its tipping the other direction. It is about 5050. Where do you stand . Do you see another a sechbtd good year in a row for the u. S. Equity markets here . I think 2015 is like 2014 but on steroids. Overall, its going to be a good year for stocks but theres more volatility. We had about five panicky selloffs last year and probably more than that and a couple are probably going to be more intense than what we saw last year. What would cause that brian . A rocky ride. What would cause that . Why would we have those kinds of selloffs do you think . Well the fed thinks theyre going to tighten and every time the fed begins a tightening cycle, theres a panicky selloff in stocks. We had a commodity bubble. Im on this program for years saying that wall street racked trillions of dollars of commodityies in the package of mortgages and the commodity bubble burst and if people realize that and it really is over, then theres a chance the fed may not tighten and that may cause a selloff but the important thing to note is that our pensions need to make 7. 5 and theyre continuing the vote to put more money in credit and that trend will accelerate as the year goes on so once these panics run their course the stocks go right back up. Okay. Yeah. But we thought the credit bubble was going to end and david tepper saying the credit bubble in september was over that the run that we have seen in credit was over. Jennifer, im wondering given that this is your wheelhouse where the 10year and 30year are right now, i dont think people would have predicted starting 2015 at these ultra low levels yet again so where do you want to be on the credit scale given whats ahead in 15 . Yeah. So we are of the belief that the fed is certainly going to be on the path of raising rates in the middle of the year latter part of the year. Frankly, our domestic and Economic Growth sup sportports some level of accommodation but not emergency policy we are currently at and because we believe the fed is likely to begin that path of raising rates prior to the end of the year we are encouraging our clients to focus on that intermediate long end of the curve simply because all of the volatility in the short end. The long end of the curve held down by foreign interests, by baby boomers, by Pension Plans derisking after five years of a positive equity market. So were encouraging our clients to focus credit in that intermediate part of the curve and ultrahigh quality on the long end and avoid the short end altogether. You dont share the fears of others on our panel today if they start raising rates that the growth in the economy is not sustainable and might put a crimp on that growth rate . Well you know thats why its not liftoff is not nearly as important as the pace of increases and we are expecting the pace to be gradual so we think at least after the initial shock in the equity markets it will come to realize that the pace is going to be gradual. Its a sign of domestic economic strength and the markets will recover from that point. Tom well leave you with the final word here today do. You agree that the volatility will be on the shorter side of the curve . Without question its all about volatility and id much rather be intermediate to long. As people go into 2015 it is about where to find income in this short, in this very low Interest Rate environment and whats that interesting the fear of volatility, the fact that people are looking for more income and the fact that feem are afraid of higher taxes is tailor made for Municipal Bonds and more attractive part of the market to be in than treasuries. Folks, it is only one day and its a friday between holiday and a weekend but were going to try not to make too much of todays trading. Thank you for joining us. We close the polls and 57 of our viewers see a positive year for the stock market in 2015 kayla. Well, theres still bulls in the analysts camp and estimates for year end s p still above the range of right now and well see how the rest of the trading year proceeds after this very first day. With about, oh 50 minutes before the closing bell on the first trading day of 2015 we are still in negative territory. All major averages down by a third to a half of 1 . A muted range today after a pretty solid triple digit green open. Largely driven by oil as well as some negative data. When we come back well continue here and go live to the nasdaq. Get a check of the biggest movers there on this first trading day of the new year. An youre looking at apple in the red today down by about 1. 5 . Well find out why. Plus well have the pros debate whether you need to put tech and the tech giant namely on your buy, sell or hold list this year. Thats coming up next. At legalzoom you can take care of virtually all your important legal matters in just minutes. Now its quicker and easier for you to start your business, protect your family, and launch your dreams. At legalzoom. Com we put the law on side. Introducing. A pm pain reliever that dares to work all the way until. The am. New aleve pm the only one to combine a safe sleep aid plus the 12 hour strength of aleve. Welcome back. You missed the volatility today if youre just joining. Off to the races first thing this morning. Up 129 points in the first half hour until we got the Economic Data suggesting weakness in the Manufacturing Sector and then just big selloff. Down about 100 points at the low of the session and the dow down about 50 points right now. S p down 7. And the nasdaq is down 22 points but still roughly 5 little more than that from 5,000, kayla. Nasdaq faring the worst, down half of 1 . Bertha coombs is covering the action today at the nasdaq. Not a very happy new year for the naz democracy and last week talking about close range of the alltime record. 15 years ago, in fact thats when i started reporting here and its just wild to think that its still has not taken out that 5048 intraday high of march 2000. Some of the old names at the top of the list and 2014s gainers, biotechs are up there and definitely adding the weight to the upside as is microsoft. Microsoft really come on strong over the last couple of quarters. Today, its definitely one of the shining lights but getting a lot of other names to the downside. The median names are down today. Reports that yahoo may be considering buying Scripts Network or talked about it according to some reports. Interestingly, 15 years ago, the talk was yahoo with 350 billion market cap to buy a broadcast network back then a. Lot of other media names are also trending to the downside although i would say yesterday is a big media day. I watch more football in one day than i have ever watched or thought humanly possible. Apple meantime today, started off strong. Argus raising its price target on ap tollple to 125. Just sunk all afternoon. Back the you. Thanks bertha. Good day for football yesterday. A lot of Great College games. Into the evening there, as well. Thank you, bertha. I guess she didnt want to say anything more about that. They were great games. Big surprises. Thank you. Lets move on. Apple investors probably sad to see 2014 go away. That stock gained about 40 last year. So now what about this year . The big ticket item we know about is the apple watch. Due sometime early this year. Maybe the springtime s. That product the key to how apple stock will perform . Lets bring in don in los angeles and max wolf from manhattan. Dawn you think its the year of the wearable for apple. Why . I do indeed. You know we have been waiting for apple to introduce a wearable for quite a long time. It unveiled the apple watch in september to quite a bit of fan fare and the fashion magazines which is a pretty significant feat for a device a wearable. I think we are going to see it perhaps by the springtime and i think some analysts are now predicting that the watch sell as many as 30 Million Units in the first year. Max, you know not everybody is as bullish about the apple watch. Just this week we got notes from fred wilson saying dont expect it to be the type of item that was hyped and successful like the ipod or the ipad. Is this a wild card product for apple or can they make it into a core business and a fruitful revenue stream for the company. Thank you for having me. Happy new year. Happy new year. We dont think theyre going to sell a lot and not a big revenue story. Its proof of a new platform and try to cross purpose the app america again and the app store and cross purpose ios here and drives loyalty to the core business which is the iphone 6 and 6 plus which we think theyll sell well in excess of 185 million to 200 Million Units and have a good year, a good investment. But the watch will not drive anything else than bragging rights an ena pushback on the unfortunate belief that apples lost some of the mojo coming to innovation and disruption. Whats not a lot . Whats that . Id be surprised much above 10 Million Units and for profit and revenue thats also a ran story for the company of this size. What about the survey of iphone users, they surveyed like 1,100 users around the country. 80 said they were not likely to buy an apple watch. The price point was high rich for their taste and just you know, people are saying what do i need another gadget for . I have an iphone ipad, those kinds of things. Yeah. Thats a fair question. Do you remember back in 2010 when apple introduced the tablet . There were these devices that existed for years and never caught on with the consumer until ap wl its own version of the tablet and took off in really unexpected ways. Remains to be seen whether the watch will do the same thing but apple demonstrated a deftness in desire for a product even when we didnt think we needed one. I wanted a smart watch for a while. I find that the notifications are useful. I know when to pick up the phone and when not to. Well see if it takes off. Yep. There are a few other products for apple waiting in the wings, max. Beats obviously. Expensive acquisition of apple last year and we have numbers showing that streaming activity of 50 compared to prior year and music downloads were down. Do you think that apple can leverage beats to revive the itunes platform . Absolutely. We think streaming is the future of music. Led by names more like deezer and spotify and to some extent of pandora. The offline mode you could get your music even if you dont technically own it. Mp3 style and listen to it on a flight or offline. Really is a game changer. We see that as a market apple needs to get into and they have the captive audience. They can push it out through ios, huge platform for them with a growing market share and like in many things by the way, the apple platform user is a bigger spender on streaming music just as areas and other areas and we think lets be honest. I tunes is a runoff business and need to compensate for that and be the cool hip place for music and the ipod put them there as cool and hip and thats where this story of the new consumer facing apple began and they need to keep their eyes on that ball. All right. Dawn, max, good to see you both. Thank you for joining us. Happy new year. Thank you. Kayla, would you wear a smartwatch . You know, ive tried a few of the other fitness wearables. I like them and more information about how much you sleep and, you know, whether youre walking enough. Im not sure if id wear an actual computer type device on the wrist. Dawn apparently likes screening the phone calls with that. Look at the wrist and you know not to pick it up. Oh yes. Well see. About 40 minutes left in the trading session here. We have had minus signs this afternoon after a big rally this morning killed by some weak Economic Data. Dows now down 31 points with the s p down 5. Well keep an eye on the markets heading into the close but listen up. Past performance, of course does not guarantee future results. So, yes, the markets were up last year. What should you do with your money this year . Two of wall streets stop Financial Planners tell us what theyre telling their compliant s clients. Thats coming up next. Half hour into the close on the first trading day of 2015. All major averages in the red. Historically, when thats happened of being in the red on the last day and first day of the year the market is up 7 for the rest of the year and not seen as a bad omen when that happens. We wont panic yet at this point. As investors dive into a new year were wondering whether the same things that worked last year can work again in the new year. With us now, two Financial Planning pros telling us what theyre telling their clients right now. Ivory delancy and jordan waxman. Gentlemen, happy new year to you both. Happy new year to you, too. Happy new year. Ivory, the one big event on the horizon we didnt last year is a potential rate rise from the Federal Reserve. How will that impact a portfolio of a potential retiree and how do you plan for that . Going into 2015 you cant time the market. Going into 2014 we were worried about the end of quantitative easing. You could have made the case that the last two times it ended the market had deep declines. That didnt happen this time for some reason. I think you stick with the game plan knowing that the economy is strong. You will have volatility. Trying to jump in and out with 57 straight months of private sector job growth joble