" This is Money Markets & More for Monday August 24 2009. From the news or not the MarketWatch radio network and Adrian Mitchell. Coming up where are we headed now after stocks hit new highs for the year. But first looking for other great podcasts checked out the Hulbert financial files with investment newsletter watchdog Mark Hulbert every week. Here at marketwatch.com. On this dated 1814. In fading British troops burn down the White House. In 1891 Thomas Edison patented the motion picture camera. In 1967. A group of hippies who led by Abbie Hoffman disrupted trading at the New York Stock Exchange. By throwing dollar bills down onto the floor from the viewing gallery. In 1981 and."

" Okay."

" Mark David Chapman was sentenced to twenty years to life for the murder of John -- In 1989 Pete Rose was banned from baseball for gambling."

" this kind of maintain this tough exterior like. I didn't do anything wrong unfortunately I think the evidence is too strong. That they did."

" Former reds pitching coach Jim cat talking about baseball's ban if Pete Rose on this -- twenty years ago. In 1992. You thirteenth dinner which did not too far from where -- at had to pick up a 150 Americans were glued to the weather channel as hurricane Andrew hit South Florida as a category five hurricane. And in 2006 the International Astronomical Union declared that Pluto was no longer a planet but a dwarf planet. It's Money Markets & More at marketwatch.com. --"

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" The week on Wall Street finished with a bang as the major indexes all hit new highs for the year so where we go from here. Howard John word out talked with Lauren Daniel set of RBC wealth management."

" Investors are starting to believe that there is your recovery even -- we we we haven't seen that they're the real we haven't seen the evidence. You know that that things are improving but we're definitely you know getting confidence that things are going to improve and now. You know that's really I I think Carol there's still a lot of money on the sidelines. This afraid of this market running away from."

" Wall Street often likes to look ahead six to nine months is Wall Street saying that. It thinks the economy is going to be better in six to nine months."

" I think in the Wall Street today the investors are definitely saying that they expect things to be better and in six months than they are now. You know they did the difficult question is always. Is how much better in is that fully priced in the market today. And what's your sense about where things go from here might be out my my my senses is that we're we're we're going to and for the marketed to advance you know beyond where we are now. We're going to need for the -- the economic figures being reported over the next several months to to actually start to show improvement I think. In my opinion makes the market has moved in anticipation that it's going to go. We're in that phase now where it's going to be shall we that it is happening and what was the primary driver for today's action -- think. Well I think it -- it. I think that the primary driver you know could have been Bernanke's you know comments that in that the economy is starting to improve I think that was probably. The biggest factor but I I think its -- you know the fear of of being left."

" Behind Lauren Daniel set of RBC wealth management. As for the shorter term we get this look at the week ahead on Wall Street with MarketWatch Wall Street reporter Larry Kofsky."

" Adrian slowly but surely housing is emerging from its slump. Builders are slightly less pessimistic about the outlook the pace of construction is slowly picking up and sales are off their recession woes. But get a measure of the housing market's health this week in -- Economist Patrick Newport I HS global insight says most of the excess has already been squeezed out of housing."

" Prices right now I think. I think are probably fairly valued problem etc. isowich inventory it's hard to see it start throwing much. When they are right now."

" In another housing report the government will report on July new home sales economists surveyed by MarketWatch see one and a half percent increase from June. Also on the economic calendar we have a pair of private reports on consumer confidence. The government will report on Consumer Spending and personal incomes for July and second quarter gross domestic product is expected to be revised lower Adrian."

" Thanks Larry. He's an oldie but -- a classic crooner and Frank Sinatra's music is still alive and well John word -- and -- explain do you like frank."

" You know what frank I'm talking about. The -- win."

" From a because the C."

" Yes that frank old blue eyes well he's back in play in the marketplace and let's bring in our. Consumer race and case who can talk more about this so. Frank Sinatra and what's this all about."

" He's been gone Ferraro more than a decade now down the universal music has acquired the international rights it's the rights outside the US to. 38 of his albums that he recorded a starting back in the 1960s on -- her Prius label which is when he found itself. -- universal music's going to re issue all these albums they contain. A lot of the hits you know strangers in the night."

" Iowa and -- in the ninth. While frank comes alive. -- mind weigh very again that that."

" Those are among the songs of that universal will be re -- also they've acquired the rights to more than a dozen dvds. Including things like TV specials so. We may see some more frank and bad form to."

" You know I have never been a huge frank plan really. But I like his music and if I hear it on the radio. By some weird chance or fight here it. You know out there at a restaurant or something I will stop and I will appreciate it. There -- one time when I was on a trip to Pittsburgh. No and the strip district there's Pittsburgh has a lot of Italian restaurants and places to pick up meets and so on. And 8 o'clock in the morning it meets. Yes Somalian town. Salami pastrami that sort of thing. It's also home of manatees where you can get the fried Bologna sandwich with. French Fries and diced tomatoes on top but I digress. But it's 8 o'clock in the morning. And their blaring Frank Sinatra out the windows at all these cool places and Pittsburgh and it. You know for some people out there frank will live on forever at."

" So Lilly and and he's continues to be a money maker he sold. A 150 million albums during his career but he like get Elvis Presley new generations of people get interested. And them and they want to buy the of their albums in some cases the memorabilia. And so their estates their family continue to collect money from that. As a matter of fact the Financial Times says that because of this deal with universal with the Sinatra family the state of Michael Jackson is looking. As something perhaps similar for him is because more people are interested in Michael Jackson music and stuff since he died in --"

" So what is going on here Michael Jackson and Frank Sinatra power they tied together well they're all only in the looses some ways did that Michael Jackson's estate once -- is thinking maybe this would be a good idea."

" That -- it's one of the several different things they're looking man as a way to handle."

" Re releasing some Michael Jackson's music to have frank kind of deal overseas. Correct. Okay so we're not talking about Michael Jackson's estate mind Frank Sinatra music now. Because -- kind of scary now. No I'm not gonna happen at that you know what I would say if I were tied to the Frank Sinatra stay alive I would say beat it. Button. Then again but that's me that's what I would tell the Jackson folks just beat it right. I think that's gone from the gone through again it."

" Consumer race and hate missing Madeleine phenomenon. Not dance I'm not a big Jacko and I'm sorry okay."

" On the other but it can be the Red Hot Chili Peppers so yeah now okay."

" We're gonna move on -- okay."

" And how can folks reaches -- they have something they wanna -- they -- Regis by email at MarketWatch radio newsroom at Yahoo.com. They can follows on Twitter at MW radio and we are on FaceBook as well at MarketWatch radio network super duper."

" Thank you consumer race and case thanks for drop them -- the year welcome."

" And as and and John leave us to go download some Sinatra songs for their iPods we wrap up this edition of Money Markets & More. -- Adrian Mitchell thanks for listening until next time."

" Small. And much more -- do. -- Okay. Hillary red. -- Then again. -- tremendous show. I do. Well I."