i look at the fang stocks, except for analysts raising price targets, it shows you that there's a chastefresh new money being put in the obvious places. that's not sustainable, but it's holding the markets together. >> bob, your thoughts? i hate to say that, but there's three of us who are kind of cautious so many chase it, the wall of worry and all that stuff i'm in the camp, but a little worried. all outperforming a broader tick i need to get your thoughts on this, bob. we did seed such a huge rally last year is this a rebound thing? >> i think so. that's like defensive stock, high quality and cyclical stocks lower quality, the cyclicals have been winning. software stocks are not cheap. >> look, all up last year's losers in the fourth quarter are going to be this year 'winners so, for instance, in stocks already started moving up. we like financials, we like energy, and semis are the way to go if you believe there's a cyclical upturn. >>> mike, it is interesting, the names we're talking about today, whether it's saleforce or ar acal, they're enterprise-facing software names maybe not t