kevin karan, portfolio manager with washington increasing advisers. last time he was on in october he recommended tj macs which is up 6.7%, general mills which is up 6.4%, and microsoft which is down 4.7%. welcome back, kevin. nice to have you here. >> good to be here, thanks. >> first of all how you feel about the market overall. we've had increased volatility, now a bit of weakness in terms of economic stats. how do you feel about the equities situation? >> the global fundamentals are challenging when we look at earnings, we're seeing four quarters of down earnings. overall we're working through a difficult patch for the overall global economy and consequently focusing more intently than we have in a long time on emphasizing quality. even if it means having to pay up a little bit for it. so we're a bit more cautious with portfolios and trying to position them for whatever comes, whether it's a rebound in the second quarter, second half of the year, or whether or not we have some more tough slogging ahead. >> a couple of beveragemakers on your buy li