. >> so is this going to continin, these three rs? do i want to buy stocks or should i wait because of the 3-ds. >> we believeve the profit numb will come in lower, in our humble opinion than the street is expecting. if this keeps going gangbusters, people will have to rethink low profit. morgan stanley's chief strategist, he's looking for profits to grow 2.7% this year. >> that's not much. >> no. the street is looking for if . >> 9% -- >> we are looking for 2.7. next year another 11. we are looking for only 3%. you put those two years together. at the end of 2013 we look for the s&p to earn -- it earned last year $97. we looker for it to earn $103 in 2013. so at the end of 2012, if you put $103 times 12 that puts the market well below where it is today at 1350. >> i hear you saying we are looking at a global slow down. things are better in the u.s. but we have a global slow down and it is about to impact corporate earningshich has been the strongest part of the recovery. >> the driver, maria. >> you are saying it is not spriesed in t