we heard from jack bogle saying he would stick to investing in the u.s.eing and jim grant sees some of the russian names trading so cheaply and they're hard to ignore and instinctively what are you thinking in this environment? >> as you know i have had a lot of cash for much of the year. we won't talk about my shorting the treasuries right now. >> i was trying to be charitable. >> i'm putting money into oil stocks over the last few days, big cap oil stocks. >> like an exxon or -- >> no, no. a mutual fund. i have a vanguard. >> okay. >> energy fund that i buy and probably off 25% to 30% since the start of the year. i'm not trying to bottom tick. i'm saying, you know what? the markets in my view tend to be a pendulum. i'm not putting your money in at one time trying to time the markets perfectly. i haven't put in money in oil stocks in years. i'm like, you know what? maybe it's time. could oil go lower? absolutely. i would not buy russian stocks right now and that's someone that spent a lot of time in russia. >> that's why i was wondering. tim, we had dave

. >> do you think it's a jack bogle phenomenon. there's a lot of reasons to keep your money here in the u.s. forget trying to invest oversaes and would that have anything to do with it? >> i think that absolutely for some people resonates loudly. like people that are just either they're afraid or concerned and don't understand and they want to invest in what they know and that's america and so therefore they stay in america. right? not such a bad thing but a well rounded portfolio to include kind of a -- certainly, international exposure. >> by the way, barclays with a note as everyone is turning attention to 2015 citing a couple of reasons why they think the market rallies and one of them that stronger income growth they think some is diverted into the stock market. >> listen. we can only hope so, right? steve, i want to ask you a question. can i? you made a comment and i struggle with this idea of unemployment. 5.8%. is it really 5.8%, is that number in your mind realistic in terms of when you talk to your neighbors and the guys