dan stesich from the cme. dan, a nice day for the dow, nasdaq, s&p. transports look good. we had oil coming down so those names got hurt. most s&p sectors close to the upside. >> you know given everything that's going on out there, you had some weaker economic reports out of europe today. you have had the russian situation that is really unsettled. the market continues to go higher. i'm a little surprised and on a risk/reward basis i don't think i will commit any new money to the market right now. i still think overtime we're good. if we have any bad situation come out of ukraine the market will break pretty hard. look for that as opportunity to get in or wait for some clarity in the markets. david: even discounting what is going on in the ukraine, peter, you think there there will be significant pullback. how much and what kind of a pullback are we likely to sigh? >> i am expecting a pullback somewhere between five and 15%. it is really difficult to put a time when it might occur but between now and year-end. due to geopolitics, slowing earnings growth, rising interest ra

dan stesich joining us from the cme. dan, we start with you. a week where we saw the s&p up over 2,000. what does that mean going forward? you. >> know what is actually acting very strong, given what is going on in the ukraine. i thought for sure the market would fall back, because of incution from russia into the ukraine. which they reported hasn't happened. that is very solid. what we have to look forward to, next week is big economic week. we have two favorite figures to look at. institute of supply management, manufacturing and non-manufacturing. broad reaching. and surveys companies independently of government figures. we'll see what that brings us along with employment figures come be friday. adam: let's bring you into this. a lot of people, some say go into bond, others say out of bond. you still think u.s. treasurys are a good bet? >> well i think it is a better bet than the alternative. when you look across the globe, especially compare germany to the u.s. or even italy to the u.s., even after inflation adjusted, bond provide, especial