A 2 increase, but nonetheless a good move for apple at the moment, investors seem to like it. Making the fashionable watches and clothing accessories. It designs and sells many believed to be innovative watches that are affordable. We see them move up 2. 35 off of the highs of the session, still a 2 gain. Quickly lets talk about commodities. The feds surprise decision having a definite impact. Gold jumping 57 yesterday hitting now a oneyear high as you can see golden spiking once again up another 60. Close to 120 over just 24 hours. The price of silver is doing better. Poised to have its highest close in more than a week. Nonetheless a very different picture for u. S. Treasuries. This is the benchmark. The 30year, the yields are all down. Cutting the yearend forecast by a court of a percentage. 2. 85 . Here we are, moving higher by five basis points but you are looking at yields tending to come down at least in the aftermath of the no taper taper announcement. He called it right right here on countdown to the closing bell. One of our floor show traders made a call that there would be no taper announcement at yesterdays fed meeting. Everybody else was saying you will see a taper. Listen. I personally dont believe we will see any tapering this year, i really dont. If you need further proof, we got it on friday, however the fed is notorious for not making sweeping conclusions limited data and they have just started to talk about the data they are looking at over the last year and a half, two years. What is going on globally, the imf reduced the predictions for Global Growth and the u. S. Cant do it alone. Having us join europe in a downturn, i dont think that is going to happen. Liz this is what the minute showed, they want the asset purchases to end by the years end. He is pretty confident about that. Liz how about that, we thought bring it back, give him some props because so many people were wrong on this, frankly very intelligent people who watch the market and have a lot more money then you or i. Lets talk about why you saw it that way. You said evidence. They will need a lot of evidence and that was a word ben bernanke used yesterday. Dont have the evidence yet. Honestly the fed is not made up of day traders. The process they put in place, the crisis started in 2007, the credit crisis. I dont expect, we can take a step back and say the economy is improving and growing, some jobs are being created, the quality and level of those jobs can be argued but in terms of data to and the tapering and to turn the course of ridiculously easy money around, i just feel like it has to sustain and accelerate, the data cannot just come in strong. It has to outperform and it hasnt been outperforming. I think you can argue the economy is growing perhaps faster than some people would have guessed a few years back but not enough for the ocean liner of the fed to turn their program around and continue in that direction. Liz when you heard that moment when the fed announced we are not tapering, were you running around in circles saying told you . You were one of the few. You have been right, so what was that moment like . I wasnt doing that at all. I did not make any money off of that call, i predicted myself from losses. If you look at it from that perspective, i made money. Got out of a short position and long teller position. I save myself some losses. That is the way i trade, from a risk perspective first. What i am looking at right now is the invitation of the equity market being very copy. It is not something i would run around p cocking around the trading room and bragging about it. It is something i took into consideration of my trades and that is all you can do. Liz the euro is up, anything eg else is slightly down in the wake of this. Everybody wants to know who is this guy, what is his next prediction . When you expect the tapering will happen . Can you narrow it . I think it is early 2014. I really do. Goldman sachs pushed their production back three months. I did a macro analysis of the beginning of the year. My analysis told me the s p was going to be up somewhere between highs in the, low double digits by the end of this year. There are a lot of things that can change that but to me it is playing out that way. You can take my s p call from that and say we will end somewhere in the lowtomid 16 hundreds. A 10 correction still puts us in that area. It is growing and i dont think it is going to shrink anytime soon. Liz all you have to do is quote yourself, you are the one who was right. I am not saying they were right or wrong. Pay day late if i can say that, but they pushed there is back a little bit, but that set the lost because the market starts seeing the fed is looking at the data and they want that data to outperform. You heard some cynicism in his comments. Even some bitterness toward fiscal policy. A dovish new fed president coming in. Liz we should have the lower third, this guy got it right, and you did. We put you on and you made a correct call. We interrupted whatever you are doing in indianapolis because you are not on the trading floor, but we appreciate it. Lets get to our other traders, nicole on the New York Stock Exchange watching pandora. One of the first things i noticed was the itunes radio. A lot of discussion about that right now on the web. Nicole no doubt. Radio is the talk. Pandora hitting an alltime high. We all remember the 16 ipo in june of 2011. Take a look at it today, 27 change up over 6 . They continued to do so well, they raise the amount of shares they were offering in order to gain cash. They continue to expand. They had huge demand on the shares they put out there, and that is really unusual. The funds did not even get their normal discount the usually get a cushion on that. Not this time, not this round. Pandora moving to the new highs, great demand for a company that continues to grow. Liz we cannot anticipate how the stocks are going to move. It is great to see pandora, whatever they thought would get slammed by the almighty apple radio to actually stand up to this, dont count out the founder. He has always said it is about the playlist, stupid. Broadening the discussion. We have a very slight pullback, but a nice move yesterday. What happens in the days to come . A slight pullback is welcome. Expect some investors who arent really buying into this market just yet to take some shortterm profits off the table. Tomorrow we have a big day. A big volume data. A triple witch. The dow will be shaken up, some new stocks going, other stocks coming up. Expect tomorrow to be a lot of volatility and a lot of volume. Some of the bigger funds that are out there. Liz do we often see a bullish move in gold with a gold rebalancing . We should. Funds that are not in the etf have to get taxed in there. Coming out o the way it is rebalanced, we will see more gold buyers come in. That is reflected in the physical gold trading in the next few days. Liz we did talk about how a bullish move today it is pulling back with a little bit more strength to it down 1. 79 still above 106. What is the next move as syria does not necessarily to the back burner but columns down a bit. What we had yesterday was the kneejerk reaction, everything went higher. In fact we traded almost 109 overnight in crude. As is always, the day after Something Like this, reality sets in and it was a classic case of everybody turning around and looking and saying supply and demand hasnt changed. Geopolitical issues havent really changed and really this market is right now back about where we started before the news came out. That makes perfect sense. You still have a market that technically is still in an upward trend. A statistical figuring about 105, 105. 5, still very strong place where this market can be bought on the dip and will be until further notice. Again, this market can be cautiously bought here, that will be continuing probably until the next inventory report giving real direction into this market. Liz back to equities as they look at certain way stations along the road to bullishness here. We have the s p 500 touching a record intraday high. Looking 12 gains and 13 sessions. A fourday rally may come to an end here. Not sure. Transports touching an alltime high earlier today. Things do not look so bad. If you look at the overall market and the economy despite what the fed thinks using employment is probably their biggest cage, pockets of strength, just a matter of how strong they are going to go. Transports are finally catching up now. Will it continue . I want to give kudos to my friend doing a good job on that call, pointing out his looking for some sort of a pullback. Im not a technician by any means, but this is one time youre going to see the market way overreacted to the upside because the fact is if the fed doesnt feel confident enough to start tapering it means they are not confident in the economy right now. I am more so than they are come up with that away on the market and you might see a pullback. Liz we tr tried to make that pt yesterday the underlining message is pretty serious but the market loved it. Thank you so much for joining us on the floor show. We are once again in the middle of a shutdown showdown. The president warning all Government Agencies must prepare for a Government Shutdown unless democrats and republicans can find a budget solution. Fascinating to see ben bernanke specifically talking but that concern and that worry on the horizon yesterday. It was a real concern it might happen. The house will vote on a bill to fund the federal government until the middle of december but also defines the health care law, so when the house that tomorrow Senate Majority leader harry reid has said it is dead on arrival in the senate. The senate will strip that out, send it back to the house and we will have an impasse or a decision for the house speaker. Does he want to allow democrats and republicans to try and carry the Government Spending bill through . Or do they hold firm . Also today there is talk about the next fight upcoming. The debt ceiling. The white house may not get it to the American People get it. Every major deficitreduction plan over the last 30 years has been tied to the debt limit. This is playing with fire. Legislative arsonists are at work when they start using the debt limit for their own agenda. House republican aides say they will pass an increase on the debt ceiling with a oneyear delay of the president S Health Care law with some other policies attached. Theyre still working that out. Liz thank you very much. Working it out is the best we can hope for right now. Make no mistake. They are still snorting and charting and running right now as we see in the wake of the fed fueled rally yesterday the nasdaq still higher. In a moment and outspoken optimist. He has been making some jawdropping and correct predictions lately. In a moment, his very latest forecast. And imagine a stock that has skyrocketed some 250 over the past five years. This is a remarkable performance. Hsn, inc. Wwere talking to the ceo lives and exclusively about her secret sauce and her next big idea. 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Liz two guys on this show, the trader at the top of the show, professor, who had called it right to the fact he felt the fed would not taper. He was right. You as a finance professor looked to be right. We have a couple of months before the year ends, will we make it above 15,000 as you have predicted by the year end . I guess were only 2 or so from that 16, and actually i was saying that in january of last year, 2012 when i started doing my research i said it was definitely going to go over 15 and we had a good chance between 1617. Actually nothing has happened that has really changed my mind. I think that is where it is going to end. They could and toward the high end of that. If we get a boost in the fourth quarter, current growth picks up like many believe. Otherwise we will probably be in the low end of the 16s but still certainly seem in the cards. Liz however you conduct your research seems to be pretty effective. I think 2014 is a really pivotal year. We have had Economic Growth of one to 2 and the earnings 324. If we want to break the earnings into a growth rate of 62728, we need to accelerate the economy to 3. 5 . I thought was going to happen in 2013, looks a little bit delayed with the sequester and all the other problems. If we can get there in 2014, we can go above 17,000 by the end of the year, but certainly right now we are not as cheap as we were. It was an easy call to the market would go up. As we are going up, it is still very well valued but the gains will be harder to come by. Liz i dont mean to glom all over you, that i dont think it was all that easy call to make a year and a half ago. A lot of worries that popped up between then and now including syria. Are you worried about the economy . You talk about some issues that still make it iffy. Syria seems to be quiet now. The tapering news, a lot of people assume germany must be thrilled and because you are able on the market, but honestly i would have preferred a minor taper. I was a little upset ben bernanke moved so far out of the range of expectations. I dont think that is that good for the central bank, so if the economy does accelerate, there will be more uncertainty. At what pace is he going to start it. In a way we can all smile for what happened yesterday, but it just means down the road we will be facing some more questions. I think ultimately what we have is a market that is very fairly valued but Interest Rates are still very, very low. As i have said for quite a long time, when Interest Rates are in the low to moderate area, you can expect price earning ratios to be 18, 19 in the market. Were still 15 and 16, so we are still below that normal valuation. But again, the year and half ago we ar were looking more at 12 ad 13, i felt this market is going to move upward and is still well, i believe but there are obviously a few roadblocks in the way that might cause a pause. Liz the headline is Jeremy Siegel wish there would have been a minor taper. Little disappointed. We will watch your predictions and see how they come to pass. We appreciate it. Yes, thank you. Liz Jeremy Siegel. Business School Professor at work. Have you ever tried on her outfit at the store, worn at once and said it did not look great, we will try to return it for a refund . One big store chain is cracking down. We guarantee of shopped here at some point in your life. And she has been called one of the most powerful women on the planet. Were talking about hsn ceo Mindy Grossman. Next we will ask her about her next big thing. A fox business exclusive. Hsn, Mindy Grossman. 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The question is how do you make sure you have the money you need to enjoy all of these years. Liz im