you are expecti 18 to 20% earnings growth. that's a big number. >> partly because of the tax reform package. what we are telling clients, we see a small probability of a recession in 2018. some of that can spill over into 2019. with global equity prices being cheaper than the u.s., a great opportunity to diverse ififyify globally. >> we are suggesting you buy on the dip. economic fundamentals are getting better. if consumers get more, they are going to spend that money. if you look at since 2008 and you see the increase in household net worth. historically consumers spend 3.5% of their increase in wealth. there is still a lot of pent-up consumer demand. >> it's all a circle. but you think the grob growth gains will -- that job growth gains will slow. >> we just g the benchmark revisions. they suggest that for 2017 we had 2.2 million jobs created. but that's not bad news. that's showing you this economic expansion will turn and you will see job creation getting more challenging. but we are still creating jobs so that's great ne