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. >> all right, that was wharton professor jeremy siegel earlier on nbc.s on skwa"squawk box" th morning. i guess that's another man you disagree with. >> trying to project 2013 is pretty tough. i'm trying to get to the end of this year. >> i've been buying bonds, and i did in terms of bringing this to a near tactical conversation, bonds have had a terrific run in the last week, so if you're long at&t, i think it's great to take bonds. i see an entirely big risk in the rest of the world. i think europe and china are disasters, frankly. >> now that the hearings for the health care plan is over, how do you predict it will end? steve? what's the trade? >> the trade is i took off part of my position at wellpoint, left just over half the position. here's the reasoning. since it came out, all the commentary about the supreme court hearings and how the court seems predisposed to overturning obamacare, these stocks have been straight up, and i just don't think it's that easy. while i still like wellpoint, stock in more than half the position, i thought it prudent

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jeremy started us off. and then on monday the oracle of omaha, warren buffett, was all about the bull trend. let's have a listen to what siegel had to say. >> i think it's very possible that, you know, we're going to get to that 17,000 level by the end of next year. >> as for warren buffett, what did he say? >> equities are still cheap relative to any other asset class. >> and then yesterday, folks, a note on s&p 500. he writes "pleasantly surprised and sees the s&p 500 at 1700 later this year. so, you know, you'd think we'd be off to the races. but from last friday until today the dow and s&p while closing above key milestones for the first time in almost four years failed to really go anywhere after that. and that is of course despite these big and bold calls that we just brought you. so the question everyone wants to know is what is still holding investors back? joining us is chief investment strategist of janney montgomery, cio wilmington trust. great of both of you to join us today. marc, what is holding people back, do you think? >> mandy, i think the calls were actually pretty fantastic. i would like to believe them my