Melissa Lee, the moderator of the show, said that
was down on a revenue and earnings miss. The company manufactures, distributes and installs home improvement and building products.
Adami said he could see weakeness in
on top of Masco's miss.
Armstrong World Industries
is in a similar situation as Masco's.
Lee brought in Mark Hulbert, a senior columnist for
, who predicted the next 1600 points may be to the downside for the Dow based on the pattern of insider selling.
He said the sell-to-buy ratio has jumped to 5.77 to 1 in February, the highest since late July 2011. He said the sell-to-buy ratio in November was 0.81 to 1.
He said insider selling at this pace has historically led to a drop in the Dow.
Dow 15,000? Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania, said that could happen in the next two years. Siegel based his bullish forecast on valuation, saying the long-term P/E ratio is below 15 and the economy is benefiting from very low interest rates.
He said 15,000 is actually a modest goal that can reached with the Dow gaining 8% this year and 2013. He doesn't see a problem rising from the
tightening interest rates as much as later on at the end of cycle.
Finerman said she worried about the impact from a dramatic rise in interest rates. Nathan said there are many other better places to invest if the Dow rises to 15,000.
Lee noted that Louis Bacon, founder of Moore Capital, will be required to provide details on risk management and trading under the new Dodd-Frank legislation.
reporter Kate Kelly said the first round of disclosures won't be incredibly revealing. However she said the second round will be for hedge funds with $1 billion or more in assets because they will have to disclose information on leverage, specific positions and strategy to the SEC and Treasury.
Shipping stocks have been on a roll. Dennis Gartman said investors should buy these stocks despite the fact the Baltic Freight Index is down 95%. He said the fundamentals are lagging the movement of the stocks.