the markets certainly got friendly use from yell hoon was extraordinarily more devilish.u guys have been discovering, in particular commodities and oil, that's really been the trade. the problem we have is that last year, the economy in nolanal terms only grew 3%. we don't have the full data set by industry. but my guess is even if you take the energy sector out, still under 4%. so we have very, very weak top line. and here now, we enter the first quarter of the year, we've got very robust job growth but gdp looks soft. i've seen gdp growth maybe up half a point. what that mean you've got significant margin suppression. i don't see how this could possibly be a fundamental story. more technical and central bank driven. >> would you characterize the march jobs report as the goldilocks scenario strong but not strong enough to reignite those theories? and possibly the fed raising rates three or four times in 2016? >> yes, seema, it's the type of report that yellen liked. the unemployment rate did not fall -- actually went up a tad. the job numbers were good. yes. so it would