we turn to our guest liz ann sonders chief investment strategist at charles schwab and kevin kelly at recon capital. >> not longer-term but i think our view has been you want to stay to long-term location to take advantage of all a till of a and make tactical moves around that and to the extent you have written this rally up in your overexposed to target allocations i would certainly think it's an opportune she pair back some of those gains. >> are they paying back their stock? >> sentiment trader has a wonderful index and it looks that the cohorts of those areas and looks at what these investors are actually doing. it's not an attitudinal measurement and the so-called frat money is actually quite pessimistic so it may include types of investors that you mention in the so-called short-term traders are much more optimistic. in the past when you have seen a widespread like that you've had a little trouble in the near term for the market so it's been a sentiment driven rally from the pessimistic flows of brexit. the fact that we are the opposite of the spectrum are now in terms of optimi