let's ask jeff degraff, the founder and chairman of renaissance macro. welcome back, happy new year. >> happy new year, scott. >> what you make of this early trading? >> well, this couple first week or so i think you had some tax law selling that helped to create the vacuum that gives the advantage. but i do think longer term you hit on a little bit, nine straight weeks of games through last week is pretty unusual, to have happened roughly 20 times in the last 100 years. and usually it implies stronger gains ahead, and i think it is really a reflection of some of the indications we talked about , 20 day highs and other 20 day moving averages. those are indications of bull markets. we just our outlook call this morning, you know the first thing we look at is are we enable market, bear market, or undetermined? it is clear to us that we are in a bull market, and frankly we have been for at least 10 months. it really kind of nailed that home with what we saw in the fourth quarter. >> what if part of this was on a shaky foundation, so to speak. especially tow