bob dahl, chief strategist. and let's begin with a collective great extortion. we have an economics guy and investment guy. bob, are we in a bubble? all weekend, everybody, this question, this question. are we in a bubble? do you feel like the dow, the s&p is bubblelike, whatever that means? >> not at all. to me bubbles have overownership, overvaluation and overleverage. stocks are not overvalued relative to the alternatives. >> michael mckenzie saying this is the most unloved bull market since time began. >> totally agree. the walls of weary are fierce and wonderful. >> so we see this. let's bring it over here. you is euclidian march and within our economics, has janet yellen put us in a bubble? >> you can't say for sure whether you're in a bubble until after -- but i'm sympathetic to what bob is saying. i don't think that for example, rises in interest rates, judging from past experience, are going to cause the stock market to decline. i don't think -- that's sort of a test whether we're in a bubble. on the other hand, you can look at agricultural land prices a