in the beginning, kent fisher, summer rally, down 9,100. i'm playing it from the optimistic side. what's your personal take on this? >> my view is that we're being pulled. today america is much smaller than the nonu.s. world and that's just dynamite. the fact that we're getting pulled. we're less than 25% of gdp today. the other three quarters, three time the force of us on the world, it is moving forward, making us stronger than we think. we ten to be too u.s.-cent rick and to underestimate. this is very strong. >> he is saying it is a very strong rally. your take? >> it's been an extremely strong rally, larry. i've put another key driver on the table. i think a lot of the strength in the second quarter, and remember, we're looking at second quarter earnings now. a lot of it was fiscal stimulus starting july 1, 46 states in the it is started new fiscal years. lump them together, they had to close about $166 billion deficit. that is starting to kick in in the third quarter. so believe it or not, we're getting some fiscal tightening. i'm less optimistic that it is straight up from