david from ancora advisers is our bear ken, in fact, you upgraded toll brothers yesterday after the selloff. why? >> we did. we thought the opportunity of the selloff with some misunderstanding of the tax implications combined with our fundamental view that 3q orders for toll brothers were better setting us above the street into fy '18. >> i mean, the thinking goes that if you cap the mortgage interest, fewer people are going to want to buy a house, that will impact the demand for the houses that these companies are going to build, so their earnings will be affected. what's flawed about that, ken? >> well, there's two components here mortgage interest deduction, that's one element along with s.a.l.t state and local tax. those on face and isolation would be negative. we focus on the fact alternative minimum tax, amt, is a tax overlow for high tax states. because of that, we don't think headwinds are as onerous as people might suspect. >> david, you think the headwinds are pretty heavy, don't you? >> i do, kelly i think, first, in portfolio management, you have limited shelf space in consumer