john clone loan great to be leer, thank you. ix:what do you make of this rally that seems dispassionate, that we have to keep making these record highs? john: you mentioned it before, when the fed pushes money for the economy, that money encroaches the capital markets. unless the earnings are awful or the valuations are extremely high, it tends to levitate docs -- stocks. and i think that is what is at work right now. alix: how do we find a value? the datapoint is not great, the economy is not great. john: i'm not sure you can find a lot of value. you can go to europe. they merging markets i think represent pretty good value. if you're looking in the united states, you not buying for value, you are buying for growth. it may be the first and second quarter, the worst quarters with seen for the s&p 500, and they get a sense of the earnings are about as bad as they're going to be pure and they tend to look down the road a little bit. i saw that happen a few times in my career. and maybe happening now. alix: s&p is now on track to de

but as anyone who has worked with john will tell you, he is worth the fight. i told ernie that if i could clone john richardson i would. i know he'll do an excellent job of helping steer the united states navy in the years to come. so to mark and your

but as anyone who has worked with john will tell you, he is worth the fight. i told ernie that if i could clone john richardson i would. i know he'll do an excellent job of helping steer the united states navy in the years to come. so to mark and your wife holly anne, john and your wife dana congratulations and thank you and thank your families for your willingness to continue serving our great country. and again i want to thank the general and admiral for their accomplishments. general mille and admiral richardson are well-positioned to build on that progress. i look forward to working with them and other d.o.d. senior leaders as we drive change, build the force of the future and help the president with real solutions for the national security challenges we face. thank you. >>> this weekend the c-span cities tours partnered with comcast to learn about ft. laurderdale, florida. >> this was cultural tourism. when they would set up their villages along the way, the buses would stop because here was a tourist attraction. the seminoles camping by the road. so when they came into the tourist attract