helima croft of barclays. these technical considerations like contrarian sentiment indicators? >> we are mainly a fundamental shop in terms of supply and demand, but you have to look at sentiment and the idea of our wave?-- are we riding a >> it is fundamentals at the end of the day. >> sentiment is driving this market right now. for tech stocks particularly. we will get to twitter. no earnings. >> that is all sentiment. >> if you're sure went back to 1999, imagine what it would show. chart went back to 1999, imagine what it would show. >> it is the highest since the late 1980's. >> with all the economic data that suggests we are on a good path, the market is in the job of predicting the future. ders are trying to be six months or nine months ahead of the curve. you cannot help but ask yourself is it they -- is it baked in? the fed will continue tapering, might we start out at this level? >> it is the battle between value and growth. look at apple. $700, it was to the growth stock. it is now down to 500 -- $50