he's here along with jim mccant. welcome to you both.eem doable to you >> i think it's going to be doable before we get to the rally that gets us to the 2850, this hop drop and pop we've been looking for all year the drop phase still needs to play out we published a report today by talking about keeping powder dry in this market until we get more of a shakeout on this market i think this is becoming more evident. all these had been putting up big numbers. you're not seeing these stocks make new highs in here market seems a little heavy and tired. i think so you're going to get a pullback period to buy stocks. that'll be the entry point for the rally to the 2850 at year end. >> big decline 2300 to get back up to 2800 jum, what do you make of the moves in the bond market is that suggesting the u.s. economy is headed towards a recession? >> there's a lot of ways to interpret the bond market move look, everybody was worried yesterday about a 3% treasury yield. it's high than it's been i think internationaleventuallyt paper. attractive compar