and also the grandparents of the braley and mason. rick and anna and their unwavering support and presence at every milestone event under-- underscored the commitment to their family and community, leaving an indelible mark on all fortunate enough to know them. certainly it was an honor for me to know rick and the impression he left on me. my deepens condolences to the family and friends of these wonderful people taken too early in life. i hope this modest recognition and remembrance of rick and anna marie on the house floor will provide some comfort to the family and friends and everyone who knew rick and anna marie. i also hope that all americans will know that as they witness on this floor there were wonderful people living wonderful lives of courage and passion and patriotism in our own communities. not seeking recognition but always seeking to do good for their communities, families, and for everyone who knew them. and left a beautiful and indelible impression on so many people they met. i just want to say thank you to the famili

yes, the mega caps have supported earnings growth for the s&p and for the nasdaq itself, so i think braley quietly -- fairly quietly, it is remarkable. it is reminding all of us that you will get punished at your own risk if you bet against it. >> do you agree with the notion that we are more early stages of a bull market rather than late stage? >> i think that we are certainly not in a late stage. and you look at the leadership and the rally having a potential to broaden out and seeing the earnings broaden out, that wouldn't happen in the late stage. you actually see the opposite in terms of the leadership narrowing. i think you have to take a step back. what do we know to be true? we know that there is significant amount of cash on the sidelines. even more than that when you look at deposits. you have a lot of cash on the sidelines and we saw that in terms of buying the action. you have earnings growth, so we went to a profits recession and we anticipate about a percent for the totality of this year. most likely has peaked and it is not exactly a linear trajectory, but a little volatile.