. >> tom: to jim awad, managing director add zephyr management. he joins us from the nasdaq. jim, welcome back to n.b.r. nice to see you again. >> thank you. >> tom: we have strong, u.s. economic growth and finally it seems like a european agreement to deal with greece. is that all clear for investors to go in and buy? >> no, in the very short term it is because you've lifted the curtain on the two main worries, a., groos would cause an implosion in europe this week, and, b., that the u.s. was going into a double-dip recession. corporate earning reportes, g.n.p. growth have alleviated fears of the latter, and the agreement today alleviated fears, for now, of the former. this is all still a work in progress. we will immediately cycle into the employment report next week and then the super committee report, the end of november, and then, of course, they do have to implement and put meat around the agreement in europe today. so this is a relief rally, short covering. it's better than nothing. it's nice to have it. most of the indices are now positive for the year, but you cannot