If you dont love jesus, go to hell if you dont love jesus go to hell imus in the morning big smile, everyone, it looks like this is the day. The Dow Jones Industrial average set to open higher in minutes it could be above the old record high. Good morning, everyone, 37 points, thats all it it takes, 37 points to match the 14,164 the dow hit back on october 9th, 2007. This, you want to see. Now is the time to check your 401 k . Now is the time to see how your stock or your mutual funds been doing, maybe your retirement looks more solid or college fund is up. The point is, this stock market rally brings back hope to investors. In a sea of doom and gloom, wall street is back and Varney Company is about to begin. Streamline their process . At fidelity, we do it by merging two tools into one. Combining your customized charts with leadingedge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. We like this idea so much that weve applied for a patent. Im colin beck of fidelity investments. Our integrated Technical Analysis is one more innovative reason serious investors are oosing fidelity. Now get 200 free trades when you open an account. Good morning, Varney Company viewers,today is tuesday, march 5th, a potentially historic day. And the Dow Jones Industrial average just a smidgen away from an all time high and there are three reasons why were here. Number one, ben bernanke and the fed keep printing, no signs of stopping, free money all around and some of the trillions has gone into stocks. And then theres this, what do you get when you buy a bank or cd, nothing, and all the more reason to buy stocks and switch your money out of bonds. Dont forget this, please, House Speaker john boehner is pushing a bill that would keep the cuts, keep the government running through september and no more tax hikes. That is attractive to investors, if not the president. There you have it, three reasons for the rally despite the miserable economy. Weve got the markets covered for you on this historic day, all of your favorite Varney Company members plus this check out our allstar lineup today. Actress and environmentalist daryl hannah, arrested several times for protesting the pipeline. She has a new movie out that slams the Oil Companies and get this, she joins the company, 10 05 do not miss her, 10 05 this morning and also, a led light bulb for less than ten bucks made in the plant that president obama visited in North Carolina in 2011. Weve got the chief of the green bulb company here. And lamborghini sales up 50 in america last year. Does this mean the rich are back . Even if they have to pay 50 in taxes. The lamborghini chief executive officer 9 52. Will we open above the old record high . I say, yes, we do. Find out in moments for sure. The opening bell is next. 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Everybody, were real close, 37 points away from a dow record. Charles payne, nicole petallides, they are scott schoen joining us for the day for your money. Charles, i say we open above the old high and close i think the first part we get unless something crazy happens in the next minute and a half and the rally could build, not only has it it been the stealthiest bull market in history, the most hated bull market in history and i think its two positives. Stuart thats interesting, the most hated bull market. No correlation to the u. S. Economy, no one thinks its real. Stuart lets bring in nicole, a couple of Smiling Faces on the set here. I expect to see some Smiling Faces down there. And dont tell me otherwise, nicole. Nicole im not going to tell you. On the contrary these guys want a bull market. And you want wall street to do well, you want main street to do well and were looking at all time high. And look [inaudible] the truth is, you have extra media here as well to cover this sort of event, right. And break into the alltime highs, were ready just in case. Stuart good buzz as they say, now, just go back for a second to march of 2009 when the dow bottomed around 6,300. And were going to open today well above 14,000, above a new high. Not straight up, but up. 8,000 points in what, four years. Now, that is a rally and a half. Okay, the opening bell has rung. The initial trend on wall street is up. For a gain of 13 points now. Remember the old high, 14,164. When you get past that, that means the dow is now above the old record high for a closing level. Lets not forget that. So keep an eye on that as we bring in scott joining us from chicago. Weve got the bases today. I say we close above 14,200 today the rally is for real and you say what. I think its for real, but its not inspired and you have to listen to what the government is telling you, theyre going to continue with this program and as long as they continue with this program were going to slowly go higher. I agree with charles, one of the most hated why charles is right, its going higher. Stuart okay, were above the old closing high, it just happened. And roll the graphic, 14,177. Were up almost 50 points and this is a new high for the dow. And i should say, its higher than the old closing high. And still going up. Okay. Well, i think we should celebrate this moment, charles. And this is a cause for a smile. Charles break out the old dow 10,000 shirts. For people who are extra cynical taking into account inflation we should be at 15,000. Stuart come on, come on. The old intraday high as high as the dow has ever been in history, was 14191, okay . Now, were now, lets see, 4 points away from the dow never ever being higher. Okay . Were very, very chose to that. While were waiting and well keep this up so you have a good look at it. Nicole, what give me the two stocks in the dow 30 that have carried this industrial average to this record. Tell me. Thats right, were ten points away from the all time intraday high on the Dow Jones Industrials, two names that helped us along this year in an incredible fashion, hewlettpackard up over 40 this year, the second best performer is home depot, and thats up about 13 , so youre seeing both of those, and now, were six points away from our all time intraday high in the dow. Stuart youre right i misspoke, 14,198, the dow has never been higher than that, were about 9, 10 points away from it right now, a solid gain at the opening bell. And were above the old closing high. I want to bring you two more big names, you know them. They have been moving in the opposite direction, lets see where they are in light of of todays new high. Google yesterday closed at 821 a share and thats a new high. Where are we this morning, 830, look at that, another new high. Now, lets turn to apple. That continued to move lower yesterday, were down around 420. Its up just 1 2 today and a regain of a mere buck 79. Thats all youve got. Were beneath the all time intraday high, 14,190, were 8 points away from that, but keeping a close look at it. All right, charles, here is where i think it ends. I dont want to be a wet blanket here, but i think it ends when ben bernanke hints that hes going to quit printing money. Charles well, you could be right, but that hint could be somewhere dow north of i dont know, been bernanke has been pretty adamant about not cutting, stopping this for a very, very long period of time. Stuart there you go, 14,200 never this level before, never ever. Ben bernanke has been adamant about trying to get this economy going. Listen, one thing we dont talk about a lot when we criticize and i say we, certainly people on the street criticize ben bernanke is the fact that hes probably feeling like hes not getting any help on the fiscal side. No fiscal policies out there and hes the only guy out there in his mind with power thats trying to do something to help and i think the one thing, too, with ben bernanke, and actually scares me, is the notion that he can just stop the threat of inflation with the flip of a switch. And its he feels very his ego when he talks about that worries me, but this is a concern that could be a year, two thats the whole point. Youve just crossed a alltime high and the dow has never ever been in this territory before. And i think its far too early to talk about when this thing ends. When ben is going to hint about dropping his money printing policy. I think weve just got to celebrate the moment here, 14 on the dow. I feel bad for anybody whos not been in this rally, who missed it, who sold in march of 2009, got out, went into bonds, and now, theyre looking at an 8,000 point gain in four years. Charles february, march, 2009 americans sold 50 billion dollars worth of equity mutual funds at the low into that terrible selloff and most of them wrote off the market and said theyll never get back in again. Imagine the end burst, its just a shocking, sad personal wealth would be so much higher if theyd not sold 50 billion dollars worth of mutual funds. And what about people who say we should never put Social Security money into the stock market. Now what . First of all, the selloff wouldnt have been as bad, as strong selling and somewhere significantly higher than 14,200. Stuart the dow is well above 14,200, nicole theyve got to be cheering. Nicole they are, once i came by 43 seconds to break through the closing high. Here we are, 14,208. Names like Cisco Systems and bank of america, helping us to break these all time record highs on the Dow Jones Industrials. You have 29 of the 30 names in the green on the dow and now, 14,210 and its just green across the screen. Stuart ive got to break in for a second. Because ive got to say i feel sorry for those people who bought apple at 500, 600, 700 a share and are now looking at it at 420 on a day when the dow is skyrocketing to record high territory. Ive got to say i feel bad for them. You first, charles. Charles i dont feel bad for them unless thats the only stock you bought. 40 of people have one stock and how they play the market and thats why the market is a casino to a lot of people, buy one, two stocks and see how they work out and hold them for a short period of time. A year from now, these people may be happy, so i dont necessarily feel sorry for them, but people out there should have a basket of Great American companies in their portfolio. Stuart i had a great basket of american companies, unfortunately microsoft miserable at 27. 28. Did you want to add anything on apple, nicole . Yes, i do. Its horrendous, right . I dont understand why it ran up, obviously, apple is a great company. A lot of cash on hand and a lot of great products and a lot of believers in apple the at 400, 500, 600, 700, they thought going to a thousand. And ultimately when youre an investor or a shareholder, you say how did this happen . How is the market at alltime highs and im not celebrating at all. Terrible. By the way, walmart is a one dow stock, one is a 30 dow stock in the red and the other 29 are higher. Scott, are you still there . Yes, i am. Dont go away, we need you on a day like this. You agree with our conclusion that over the longterm this rally really fades when ben quits printing money. I agree with that. That could be higher when things in the economy look better. So if the economy is looking better, that should be mildly supportive stocks and he has a difficult balancing to take that spigot away and at the same time foster a he decent economy, thats his hard job. I dont know how youre going to do it. How do you sort of pull away the punch bowl or the cup for the punch bowl. How do you do that without damage . I just dont know. All right. Ive got to go because we now look at the dow. 14,220. Its now up 92 points. Okay . 92 points higher and the dow has never been here before. Never been here, charles . Come on. Smile. Im look it, im really happy, happy because a lot of people wait a second, youre the guy whos been telling our viewers for a long time, you should be in stocks. Absolutely. You should buy the companies which you know, whose products you use, you should be in there no matter what, you should be in there. Ive been saying it for a long time. Its been really tough and people still email me, see me in the streets they cant do it, they dislike the president too much to do it, they dislike ben bernanke too much to do it. Its not about that. Its about these companies and i still think a lot of people are getting it wrong. My speech is still about the Global Economy. Most of the things that i recommend to my subscribers have growing global footprint. Stuart im afraid im one of those who let his ideology get in the way making good sense with investing. Charles a lot of people. Stuart there iss so much amon for the economy i couldnt see a house like dow. Charles if the republicans didnt have the house of representatives id probably sell everything and head for the hills. If the president could get through all the policies he would love to get through, and the growing Global Economy couldnt keep this market up. Stuart i want to stay on stocks, this is a big day, historic day, clearly big. I want to give you seven early movers and we picked these out earlier and they are moving and lets see how theyre doing in a record high dow. First of all, the 3m company, that, now, this is the dow this is Dow Companies so far in year. 3m, up 11 and up some more today. And j. P. Morgan up 11 , and i believe up some more today. Disney, now, this is for the calendar year 2013, 12 up on disney and its up again. Travelers corporation, 12 higher this year, and it is up again. And p g, prokt gambcter gambl depot up, 14 for the year, another 1 2 this morning and hewlettpackard, the big dow winner of 2013, already up 40 a lot of internal movement within hewlettpackard there, up another 1. 65, 170, 20 a share on hp. Back to the big board, because we are very close now to 100 point gain for the dow and a historic day. 14,222. We blazed past the old closing high. Weve blazed past the old intraday high. Were now at a level that the dow has never ever seen before. Anything to add charges . You can smile, come on. Im excited. Im excited. But you know what . Lets keep taking it one day at a time and. Stuart yes. Charles me people are worried that people who are skeptical jump in a mild correction and say, see, i told you so. Isnt that what happened . Ripleys law. Stuart im afraid youre right. And there are other stories well cover for you today. Here is what weve got. We keep saying that the rich are leaving california because of higher taxes. Theyre not alone. The wall street journal Alicia Finley is here, and saying many lower income workers and hispanics are leaving the golden state as well. Dont you wish you could choose whatever wireless provider you want and keep your phone . Theres a major push to keep that happening, and why is there a push from the white house . Judge napolitano. An elderly woman dies at an assisted living facility after a worker refused to perform cpr on her. The woman signed a contract knowing thats a possibility. Where does top trial lawyer mark lanier stand on this one when he legality stands in the way of humanity . And just like the dow tax record 2. 7 trillion dollars, all time high, why do we have a deficit of a trillion dollars a year . Surely this is a spending problem, isnt it . All right, next, a former democrat senator whos seen the light on debt. When will her former colleagues do so. Clients are always learning more to make their money do more. ann to help me plan my next move, i take scottrades free, inbranch seminars. Plus, their live webinars. I use daily market commentary to improve my strategy. And my local scottrade Office Guides my learning every step of the way. Be