abroad when you look at the stronger countries and how they are unaveling, france comes to mind, brinton is in no great shape. i think we have a political environment that has a lack. >> i blame the president for that. i think that we will not be impervious to slowdown the rest of the world. because a good part of our s&p earnings come from overseas. we will not be improving. >> tentative management, by any measurement, not that you're hearing from the economist in their polls, but the deficit is up 300%. national debt is up 70%. unemployment, i agree with, all of the indicators are saying that we are not coming out of the slowdow because they are not solution based. these perilous times -- it doesn't make any sense. there is a degree of arrogance that i find very hard to understand. neil: what are the markets selling us? the trend is their friend and my friend. what he say that? >> i think it is a reflection from whence we came. we had a terrible job in 2000 and 2009. my concern would be, i think, we are more than fully valued here. i think corporate earnings are going to start to wane.