joining me now is jordan kotick, head of global strategy at barclays capital. and jordan, unusual analyst who would tell us where to trade. >> well, we want to be aware that there is a habit here, and we point it out to the fourth quarter and this is consistent, simon, since august, they have a pullback, and with a holiday weekend approaching, we want to warn of risk. so from august into the last week of the month with the exception of february, the market with a top. so, given that the market is 800 points higher and given that the s&p 500 is 80 points higher and seasonality suggests a pullback into next week given the fact that we are gathering into the market holiday given the extent of the pullback from the last couple of weeks. >> but other than saying that the market has risen, why it is going higher? >> well, it is ahead of the holiday weekend and people will take it off ahead of the holiday, number one. >> okay. but generally, you are bullish and why are you bullish, spell it out? >> the overall environment is compelling to the topside and markets aroun