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Falling inflation expectations could spur the Federal Reserve to end its rate hikes in the spring, lighting a fire under stocks, Jonathan Golub said.

Abercrombie & Fitch released its Q1 results last month, managing to grow sales year-over-year despite difficult comps. Abercrombie might appear deeply undervalued at current levels.

Go ahead. >> sure. looked good in 1980 and 81 before those two recessions hit. the stock markets make their peak during periods of time when euphoria is abundant. that's my major concern at this point. the public is involved. the price to earnings multiples are extremely high. price to book values -- >> neil: you say the multiples are high. they're not beaten done enough to make them more affordable? >> they're affordable but they might get more affordable before this is over. markets make their peaks in volatility and make lows in quiet lonely types of trading, this is anything other than qui...

Than the one 15 years ago. jon hilsenrath fox news contributor and reporter for "wall street journal." we got past the tech bubble boom bust. are due for another one? >> what is happening in silicon valley is much different than what happened 15 years ago. there is a lot of money going into tech startups but happening in venture capital firms which are private companies. they're not public companies. we're not seeing extreme valuations in nasdaq stocks which investors typically buy that we saw 15 years ago. the earnings multiples today are much lower than they were 15 years ago but the venture...

all american troops will be home by the end of the year. that's 39,000 men and women. there was talk that 5,000 troops might stay next year, but, no. we've got jessica yellin at the white house and chris lawrence at the pentagon tonight. jessica, i wanted to start with you. this came down to whether our troops would be protected troops would be protected from prosecution in iraq in part, didn't it? >> reporter: that's right. the white house, this administration and the iraqi government were trying to work out a deal to get american troops immunity from iraqi laws so that some could s...