he's greg abella, chief portfolio manager and joins us onset tonight. good to have you with us. >> thank you. >> give me your thought overall on the market quickly in a capsule. >> complacent. >> complacent. >> if i had to come up with one word. some of the industries are extended. we're due for a healthy pull back. it's just a normal faphase of t market. there are large cap names compelling values here, i'd be waiving another 5 or 10% to put it to work. >> as you look at the market, i assume some of the reasons you like big caps is other smaller caps, you think are over stretched. >> that's right. >> so let's start with your first pick, there is no bluer chip than exxon mobile. >> exxon is a compelling value here. it got downgraded today but only down in line with the market. in fact, it was the price target that was actually lifted a little bit from that analyst who downgraded it, but, you know a half trillion dollars looks like descent value. with the pull back, i would be putting money to work in a name like exxon. >> good company presumably to have