who cares if somebody's wearing a hickey freeman suit or has on jeans and a beard? joining us is "new york" magazine's kevin ruse. very funny guy who wrote about this in this week's "new york" magazine. when i read the excellent piece, i said we got to get you on. thanks very much for joining us by phone. you've been out there for awhile. do you really think this is turning into the new new york? >> in some ways, yes. if you just look at the economic data alone, it's startling. you have a lower unemployment rate in san francisco, about 5% than almost any large city in the country, including new york. you have rents that are $800 a month higher on average in san francisco than in new york. more job growth, you have sort of lower budget deficits and it's amazing when you're just out here, the level of economic enthusiasm. it's like the crash never happened. >> you know what? i was reading your article thinking this actually sounds a little like great gatsby, the heyd heyday with the 1920s. a lot of people feel like what's happening in silicon valley right now, with fe

take a look at this stat from our pal paul hickey. over the past year, stocks trounced treasuries. we know that. but the past quarter has been a very different story. the total return of treasuries trouncing sexier stocks. let's bring in zane brown. most of our viewers probably are not deep into the bond market themselves. they can buy a share of ibm a lot easier than they can buy an ibm 2021 note yielding 1.5% or a treasury bond. how long will this mini bond rally last, do you think? >> well, i think you are likely to see at least first quarter far greater performance in things like high yield and the municipal market. but i think stocks are likely to surpass bonds over the balance of the year. we are likely to get a little bit stronger economic growth. that will support the stock side. it won't do anything to help high quality bonds. i still think high yielding bonds as lower quality bonds are likely to do pretty well over the balance of the year but still, not as well as stocks. >> what about the muni market, brian mentioned it briefly. it's a $3.7 trillion market, off to a stro

let's bring in paul hickey. this is sort of our version of the dogs of the dow theory, minus the dividend aspect. it may be complete garbage. is there anything to it? >> well, i think it may be closer to the second thing you said. but the problem with the dogs of the nasdaq, so to speak, is there's not a lot, like you said, of dividends in the nasdaq 100. it would be the same stocks yielding the most every year just because they pay a dividend. so going back over the last five years, we are just looking at stocks that have been the worst performers in one year, look to see how they did the following year and it's mixed. in 2009, the worst performers of 2008 did great. they were up over 100%. while the best performers of 2008 were up in the mid teens. that was one year. the last four years, it's been mixed. two years they outperformed, two years they underperformed. not much to look at there. to this point, you know, what you want to do is maybe focus on some stocks that have underperformed and see if there's any

joining us now from bespoke investment group is paul hickey. also steve nicholas and david lutz. how did you pull this one out of your hat? >> you need to better that pun as well. >> yeah, come on. last week, we were looking, just like to look at the seasonal patterns, daily patterns in the market and just highlighted the point that monday's been a horrible day, which yesterday was pretty bad, and tuesdays have been the best day. today has been pretty good. take it for what it's worth. but it is -- it has been a seasonally strong day of the week so far this year. >> it's not just tuesday. if you take a look at what's happening over the season of lent, you say for the past five years, the s&p has had a really, really good period. why? what is it about that season? >> well, it's interesting. this is a period of the spring, this two-month period we're in right now, the march-april is the strongest two-month period for the market going back historically. but it's interesting to see if you look at the s&p 500 during the season of lent, last five years, it's been up every year. going b

paul hickey says if you own apple you should be happy that buy ratings are down because it leaves room for potential upgrades if the company launches new products and services that excite consumers. apple bulls still think apple is a company capable of creating revolutionary products. back to you. >> josh, thanks very much. how should investors position themselves on apple? our next guests have battled it out and they are back for more. lou says it's a buy. bert is a bear. >> i like apple, it's a wonderful company, but i don't like the stock. >> because? >> well, they're losing market share. android phones in 2012 had about 69% of the market, and last year they had 79% of the market. so apple is on the what i to maybe having 10% of the smartphone market, diminishing market share is for me always a sell signal. they have diminishing profit margin. their sales, their revenues are really not increasing. all the apple groupies don't realize that. they love the product and i like the product, too, although i don't have anything except the ipad, but it's a challenge for the company. everybod