i recently met with steve kawa and mayor lee and john templeton about the development of african-american tourism. and mr. templeton submitted a proposal to provide a way to tap into those funds. and to also bring employment into this area. and to also give value to the lives and the residents of the people that are here. and also again provide a source of employment. the other thing that i would like to encourage you to do is as we have these huge development programs in the area. that are geared towards certain percentage of employment in hiring residents. that you also include professional services such as accounting and legal and real estate sales. and thank you for stretching the dollar as much as you have been able to. i know it's tough. we are counting on you to continue to do the good work you already have been doing. thank you. >> before we hear from supervisor farrell. i want to remind everyone in the audience, if you didn't get an opportunity to speak tonight. you definitely have an opportunity to speak with the supervisors. you have an opportunity to talk to other department h

>> i'll put tepper with templeton, because sir john templeton, a lot of people have been talking about this one, his quote where he says bull markets begin on pessimism, they grow on skepticism, they mature on optimism, and they die on euphoria. we're not seeing that euphoria yet. i think we are still seeing the stages, scott, of skepticism, because virtually everybody that you see out there, whether they're touting a newsletter or whether they're a market analyst for a big shop, they're skeptical of this market. well, what does that mean? based on the templeton, that means that we're in inning number three or four. i don't think we're done with this yet. i certainly don't know anybody -- nobody on this desk that's euphoric about the market here. i think a lot of us are skeptical. and so, i -- >> giddy. >> -- we're heading toward the maturing stage here. and then we won't be seeing this outperformance. and we'll see occasional shots to the upside when we get to that euphoric stage, and that's when you want to be out. >> all right. as you know, the rally has been led by more defensive s