we'll talk about retail sales with brian wesbury. he says not so. he has specific reason why. is the economy right now straining the market? >> i think you can make an argument the fact we have got maybe 1% type annual growth rates so far. if you combine decent second quarter with a bad first quarter, it is definitely holding back earnings. we're looking for maybe 2% earnings growth on s&p earnings this year. so tepid economy is keeping earnings growth weak and multiples are rich. think argument that is, stock prices can go a lot higher is a difficult one. liz: okay. but there is always an argument for picking solid names, charlie. you have a list of them. what is the common thread here when looking to add something to your portfolio? there is a high bar there, isn't there? >> you're looking for a company that is demonstrated profitability, better than its industry with some sort of a tailwind at its back. one of the names we like is honwell. it has got three or four different industries where it is big, where the sort of the macro tailwinds are good. aerospace, for example. y