ben white, and allison deans, chief investment officer. thank you for joining us, the president made his feelings about corporate tax investments pretty well known, take a listen. >> if you're doing business here and basically are an american company and simply changing your mailing address to avoid paying taxes, then you're really not doing right by the company and the people. >> this is a cynical ploy, there have been proposals in the past to do broad tax reform to deal with this. the white house has put no weight around the proposals, instead he comes up with this proposal which all it would do is essentially disadvantage companies who already pay the highest global tax rate already facing u.s. tax rates on their overseas income. and they do this basically because congress and the white house have not been able to do broad tax reform. you do it in a one-off, adding to the already complex page, they will find more to get around it. they will get acquired by a foreign company, finding other loopholes to go through. obama is trying to scor

joining us allison deans chief investment officer of crt global and our guest host charles kantor. halfway through -- more than halfway through earnings season and wanted to get your gauge of where you think we are. fairly priced, overpriced, underpriced, allison? >> you know, i felt like the market's fairly valued. i had forward earnings estimate about $123, and it's 16 times earnings. the thing that's making me hesitate a little, though, is more than two-thirds of the companies are coming in with earnings better than expected. growth better than expected. and top line results better than expected. so i am thinking $123 might be a little too low. but at 16 times earnings i'm not sure it would go up more than $1 or two so it still doesn't look like a very inexpensive market to make. >> how surprised are you that it doesn't feel like anybody seems to really care about what's happening geopolitically. i mean we've had sort of momentary impacts but not in any meaningful way. >> i'm very surprised. when i look at what's going on with russia right now and ukraine i feel that that could