Stock surge as Congress says that help is on the way win. That's still the the question good evening and welcome to

see mb c's continued coverage of markets and the economy in turmoil I am Brian

Sullivan well in a year of first it was another record-breaking day on Wall Street

the dow soaring 2,112 points. That's its biggest

point gain ever and the first time the index has risen more than 2,000. That move translates

into an 11.37% gain, making it the fourth largest percent jump of all time and the biggest since 1933.

All this comes as lawmakers close in on a since 1933.

All this comes as lawmakers close in on a massive aid package for the American people,

a stimulus plan that could ultimately be in the trillions of dollars.

We're going to have much more on that coming up. But first, let's

get now to the markets and your money on another wild and record-breaking day on

Wall Street. We are pleased to kick off the program with famed value investor Bill Nygren.

He runs the Oakmark Fund and

is CIO of Harris Associates. Bill, we need to hear from you on a night like this.

Thank you very much for joining us. Obviously you just heard Jim saying these were the machines coming in.

Do you take any solace in today's rally that some kind of a longer

or medium term bottom may have been found?

Well at Oakmark we don't consider ourselves experts at market timing. We think stocks are

really cheap if you believe as we do that the economy is going to eventually recover as

will the PE multiples and I do agree with what

Jim said of the markets are are not functioning especially well

it's difficult to sell things that you see when they're up it's hard to buy things

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