mr. auth: the market does. if you look at the consensus on bloomberg, they are currently at about 17 on earnings. we are at 115. a lot of that is back-half loaded. if you look at the former 12 months, which takes you into the next year, you see a big goose, and the consensus is 135 on earnings in the s&p 500, which is a big jump. if the economy can hold on, the election does not digest, and china does not blow us up -- shery: you think china will blow us up? david: they have a lot of --mr. auth: they have a lot of weapons, and they can at least stall for time. i do not know if they can get the growth they need. david: you like u.s. banks. european banks --what else do you like? mr. auth: we like the u.s. thanks on the interest rate story, but we think there is better valuing european banks. one of the stocks i put on the list is bp parabolic, the jpmorgan of europe, if you will. well-capitalized, the same problem that deutsche bank has, very, we think, cheap, and it is really underperformed the u.s. side. now,