washington. jim lowell from adviser investments. rich peterson from s&p capital iq. and our own rick santelli. kenny p., finish this sentence for me. the dow is up 121 points because -- >> it's a trader's mark. there was this overreaction yesterday about rates may be going higher sooner than expected. but last night as people kind of thought about it, you know, x, y, and z has to happen. if that doesn't happen, rates aren't going up. i think yesterday's reaction was the knee-jerk down reaction. today people are saying, ain't happening, so you get this trader's market. >> even though the economic data are not that great? >> flash pmi was much stronger. philly fed was off the charts negative. but flash pmi, i think that's the bigger number. >> for the u.s. you're referring to, it was surprisingly strong, jim. what's your take on that? are people reading into the fact that maybe nationally u.s. manufacturing is holding up okay? >> yeah, i think weather is more than an excuse. it's like snow on a television screen. it's probably more of an annoyan annoyance, but it is there in the data. so soft patch sl