he is matt mailly, equity strategist at miller tay back. nice to see you again. let's start with side risks. bob pisani outlined the fact that returns are going to be mod els at best in many sectors. what do you see as is the potential downside risks? >> one of the things we have is on the earnings front. bob is right, if we can get good reports out of some of these industrial names later this week, that will be positive. but one thing is that a lot of people have been talking about, geez, the first week and a half of earnings have been better than expected. but most of those stocks have been in groups where the stocks have been knocked down and therefore lower earnings expectations have been priced into the stocks. a lot of those industrial names have had nice rallies. you look at u.s. steel up 200%. it's not a tech company. i mean, so you wonder how much -- because it's one thing when you come in lower, when you come in down earnings and beat expectations. but if your stock is washed out it can still bounce. some of these stocks have had nice rides. it's going