>> that's what we're thinking. >> julian emanuel, thank you btig what do you think? >> if you look at the market today, what are the risks out there? it's the bond market we saw it this morning, bond yields up all of a sudden for the first time futures why down ten handles that was like running around with your hair on fire big news. it's not really that big news. but for this market it was big news so i agree with julian, somewhere around 3% seems to be the trigger that most people are saying, you know what, this is going to start to impact valuations, we're going to have to start taking our earnings down, start taking our targets down you might want to get ahead of it and start taking profits. when they get to 2.9 >> what have you done today? what do you think of the whole greatest bull market ever? >> i'm always long, that's my bias buy s&p puts against it, thinking the volatility will spike higher, which happens for like an hour and they expire worthless, which is okay, it helps me sleep at night. i'm long t&t to me the biggest risk is inflation forces the fed's

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