All right,

All right, Sarah, thanks so much. Welcome everybody to overtime. I'm Scott Wabner, you've just heard the bells. We're just getting started right here in just a few minutes. I'll speak live to Funstrats, Tom Lee, who continues to argue that stocks can rally a lot in the

second half of the year we will test him on that call and where he thinks the

real money is going to be made in the months ahead We begin though with our talk of the tape

whether this rally back from the lows is about to run into a brick wall of

rising fuel prices and falling earnings. Let's ask Dan Greenhouse of Solis alternative asset management.

He's here with me today at post nine.

It's nice to see you.

Welcome back.

Thank you, sir. That is kind of the question, whether we're about to run into something earnings.

You're already getting whiffs of

disappointments you had crude oils over 120 I do see that Nat Gas rolled

over really hard today I mean that's a 10% swing but what are you watching how do the markets feel to you right now?

Yeah I've been listen clearly as I'm sure everyone on the network has been harping on there's

chop and I think that speaks to the level of uncertainty that market participants are feeling right now.

You have the CPI number on Friday, we get the Federal Reserve next week, and shortly thereafter you'll have an updated earning season.

And in the backdrop of all this of course is high commodity prices

high oil prices and basically five dollar nationally national gasoline prices so

there's a lot of push and pull right now I think the bias probably is to the upside in the short term.

Why do you think that? Well, listen, I think a number of us had talked about this for some time

over the previous weeks. There were things that suggested the market was due for a bounce for

technical reasons.

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