. >>> john manly joins us now, chief equity strategist at wells fargo. it is exciting to have historic highs and milestones, but how should americans feel about all of this? you know, dow 17,000, strong jobs number, but the economic number, the economic growth, gdp on the downside. so, you know, connect the dots for us. how healthy is the economy and the stock market? >> well, every now and then you have to ignore a few dots out of place. i think things are going from okay to good, and i think that's good for the stock market. i think that the fed is going to be slow to raise rates because they want to make sure, very sure it's okay before they do and meanwhile, earnings are accelerating. i think earnings go up before interest rates and that's good for stocks. >> stocks are supposed to zig and zag, they go up and down. they have been going up for 2.5 years. we haven't had an apresentationble decline of 10% in this market for awhile. are we setting ourselves up as we go higher for even more pain when the correction finally does come, do you think? >> some