we have seen pretty decen rnings, have we not? >> no, haven't. to m thoseearnings were a farce. they'r an absute joke, and the reason is ey're all about cutting cos. many ways, it was really earningshat had to do with unemployment-- people were ld off, coanies cut theat out, and in some ways that was good. it was effectivend many corporation needed to dohat, but at the end of the day, only 22% of all compaes that had ported really had sales that were the sam or up. the to line wasn't there. >> paul: interesting observatn. the fed's latest beige bookut tawd shotz the recession becoming lesssevere in mo regions of the country. are you seeing any signs of recovery? >> well, the only recovery'm seeing has to do with the fact that there's longer fear in the stets. the bas have stabized. the banks aren't going under. wee not fearing globa implosion anymore and, qte frankly, the fincial stitutions are doinguite well. but the fear is gone. >> paul: now wh sectors d you li for the upcoming recovery? >> well,e've been talki about the banks. now, again the banks are printing money. th get