What's Up On Wall Street - Deb Borchardt, TheStreet.com

Well the bulls are given the bears a beating today the Dow is up 96 points after a day where the Dow had its best. Day of the year the Dow up 286 points yesterday. Good morning my name is very Armstrong got a great show for you in store for today. We're going to be talking about the FaceBook IPO in the failures over at the NASDAQ will be joined by Brian how again from -- spot. And we also have a. Bull market update along. Gas cartel is currently -- it would not have today and got -- all -- we even have Bernanke coming out and saying that the Fed is ready to add just a few minutes ago he hasn't given any details but the Dow still up even though he spoke -- it's up 102 point. S&P 500 up nine NASDAQ up sixteen oil up 173. Senior US treasury at one point six X nine and then you've got gold it's the only thing in the -- this morning. Down 770 at 1625. Wow I didn't notice that some gold -- down. Our guest is dead were sure she's from thestreet.com -- are you doing. I'm -- pretty good today. Hey can we talk a little bit about Chesapeake Energy I'm looking at the stock. And it has just been hammered during the last 52 week it's down almost 50% from its -- This -- has to do with. Misbehaving CEO. Well economy as being eighteen BL but I island. That felony characterize it as a -- that really took a lot of liberty which is position. -- -- Acting is bored with buddies and friends that are never gonna go against him and pretty much agreed everything you want that -- they had. Really it was a generous port if you -- -- member -- the -- They had great perks they get paid very well you know who wants the bike and the speed to that basically. Said yes to everything he wanted to do everything at even you know taking out some of these loans and investing in every well that they'd been -- I ain't you know it's great that they each company's board members that they brought in people that weren't necessarily going to be. You know Ervin is to Aubrey McClendon and I thought that was really did know. Who who do you think the stock or cover because I'm looking at it not when I look at it fundamentally here -- I see a price to earnings ratio seven to one. There -- two dollars and 49 cents a share mean it -- share prices. Eighteen dollars and their earning 249 shared -- -- seems to me. Fundamentally like a pretty good stock. Absolutely you know here's the thing you know the stock of course it's been beat them because the Mac app prices which you know natural gas prices have -- all -- left. An -- hat and the last couple years ago. This stock and bond sale obviously you know fired -- if you look it's down 50% and I think -- you have a long. Term vision for natural gas for a long term vision. For this I think -- you know it's a pretty darn good. Deal I think that they're gonna have dispel some outfits to deal with the problems they're facing right now. They along with just about every other natural gas driller in in an investor. Never expected to do -- -- the ball off the Whitney did. Who don't know -- ended they didn't -- nobody predicted the -- gas prices at these levels but we are starting to hear more and more but we're here in new England and we're hearing about the pipeline -- the Spectra Energy owns a pipeline that runs from I think Baltimore. Up to Massachusetts. And they're trying to expand that by 15% because -- gasses so -- we get. Out here we get about 70% of our electricity from Nat gas so. It would be make a lot of sense to kind of expand our infrastructure for natural gas would not. Right annually it's cheap it's clean we -- that. Obviously the fossil fuel people don't want this and then and they are really against it and we see you on politics is. Every time he's someone in politics kinda pushed some kind of natural gas infrastructure. They get being back down by you know your -- fumbles in spots. That don't want that happen and until we really kind of start. To get more companies to which their buildings -- in Pakistan and not try district -- and you know one Nat gas network both cars. You're not really and course and it's quite come off by being court ordered that the -- And you're already eating out when an inspection. Where people -- Sections of this state would start to build in the -- gas infrastructure for cars you I think if that's the best start the war. Reading just trucks -- -- right we just -- trucks like Tebow and suggesting are you -- -- Right. They let me ask you the -- and I'm not want to look at gift horse in the mouth but you know Monday the market was up. Tuesday that unity even had a pretty good rally Dow's up 94 points now what's behind this rally is it just fundamentals is at the fact that -- You know interest rates are so low Lou what's happening its turn in the market in -- Yeah you know it it it -- ancient stand you hit the floor -- the exchange everyday and I hear that guys pocket not buying it has really not been behind. This street rallies so most of them are very. Ethical rule of it and they steal that actually he looked at. A longer term trend of the market in the last few months it's really been on downtrend. In many of them feel that this is our rally to balance you know. -- you wanna get into it. You know we're trying to get out get some. Your position. That it's really just a L in the overall downtrend. It's a lot of out written intriguing. It's a lot of computer -- treating. -- algorithm they are. Created to read headlines that if they get headlines that look good. And then -- the -- worse they're all positive they'd just start why. With for part without work -- it is you know whatever everything else it's going on you know -- you're right and. So they're not they don't look at the substance behind the headline they just. And there out there at their program at the engine at their program to -- literally just read headline news. And read the words and and pick up work like positive upbeat. You know -- those kinds of words and just conversely opposite Victor -- I think we will may have lost -- there the idea. -- you their. Story at where have all tech difficulties there. -- the with with -- full system are back now. Dead at that -- reported -- just reported that the Beige Book in it that was decent. And also that the Fed has come out and said you know if need be they're gonna take some action in and get behind the economy's so what else could they possibly do the unity and lower interest rates to 1% on the ten year treasury. Yeah well. -- the little things are kind of being that helped the banks and actually frequently do and it definitely make headlines because a lot of people don't really. That doesn't make hotline debate that they'd been buying something from the bank or helping the banks buy something. And that's how they do their -- or -- But you know earning yet that -- last year and he's he's like the ultimate and better because he says he's. Like were ready to help when needed and I didn't really mean. It -- back and nannies. You know we got -- lot of things begin. Any economy. It's modestly improving you know drop a lot of work like modest lead and you definitely like ride the -- on the line and that's what. Brilliant about it because you can't -- like I have anything. I mean really commit to anything but he always will do that we need to back in -- really don't need to. Don't think the people happy that don't -- -- indeed its -- saying you know I don't think we need to do it they're happy. But that the people that want it is that we're standing -- -- to the -- spam app. Well. Well -- eight Soledad thank you very much for your time I sure appreciate your impressions and and what your perspective is on the market thanks a lot. As -- -- are joining us from thestreet.com talking to us about what's going on down on Wall Street a lot of people with those questions.