jim awad is managing director at zephyr management. is the spring swoon over for stocks? >> no, i don't think so. i think that the basic problems that drove the market down remain, which are the worries in europe, the possibility of an accident there, and a freezeup in the financial markets. the worry about how bad the slowdown will be in china, the worry about the fiscal cliff that we are going to face at the end of the year. and then of course the issue with the financial stocks with the j.p. morgan issue, they all are sti out there and i think the market will react to incoming news and data. but all of those could give you a surprise on the down side. >> tom: have we seen this before? in other words last spring, greece was in the headlines, italy was in the headlines, portugal. china was slowing down. we had the debt ceiling debate coming up in the summertime, and of course we had the housing slowdown continuing to put pressure on the financials. so in other words, another deja vu for investors? >> yes, it's very similar to last year. two things are better. first they