and until we see that, there will be a holdback, which there has been in capital spending. after the election those issues should be resolved so we're looking for very robust 2013 market wise. the other piece of this is we really have not had a steady inflow in equity funds since 07 defight the market performance. and that's not true of fixed income, we expect that to actually come to fruition. >> tom: okay. some money to come off out of fixed income maybe into stocks, with sei. >> absolutely. >> tom: let's take a look at your previous picks, right after valentine's day february 15 we saw you, american capital a private equity public traded company up 30% plus. city national up 9%. do you still like these? >> definitely. believe it or not, american capital still trading at three times earnings, despite its appreciation. and it's a perfect play on mid cap companies in the u.s. and certainly monies cheap too. so it's a great way to play the recovery. >> tom: mark, do you own position in all four of the stocks we mentioned tonight? >> yes, we do. >> tom: mark watson, street cr

requires with the banking regulatory agencies, says executive compensation disclosure rules, including holdbacks and delayed payouts and so forth, and as you can imagine we have got an lot of comment, and those rules are not finalized. we're working with other regulators to do that. the second thing is the sec's approach in the era of compensation has been a disclosure based approach, and if you look at the history of rulemaking in this area, you can see ever greater requirements on public companies to disclose their compensation policies and practices, including, as i mentioned, rules we did shortly after i arrived that require compensation committees of boards to explain how their compensation practices may incentivize risk taking and what the board is doing to manage that incentivizing of risk so the franchise and share holders' money is not unduly put at risk through the compensation practices. so, we have detailed compensation schedules that are contained in corporate filings. detailed disclosure about not just incentive bonuses but other components of compensation. but with the exception o

correct -- and i, of course, don't agree with it -- but if it is correct, why did the president holdbackressives from chris matthews to bill maher to michael moore all across sort of the progressive wing of the democratic party, there is great disappointment this morning. >> they're jumping out of their seats watching. >> no, i understand. and i understand the was a hunger for us to attack romney more personally than the president did last night. and the president was talking to the american people about some of these fundamental issues. as i said, treating the american people as adults. you know, we're going to continue to prosecute this case because as you saw last night, there are two distinct views of the future and how we get there and how we rebuild the economy, how we rebuild the middle class. i sat through all the republican debates. and half of them mitt romney never even mentioned the middle class. and now he can't do enough for them, for now. but when you look at his programs, he would stick it to the middle class, and he would -- and when you talk about growing the economy an