recovery is going to last a lot longer yet, but i do think we might have a pullback, maybe 10% over the naerks 12 months. what i would say is stay overweighted towards equity. because as david said, where are you going, to bonds? or cash which yields you nothing. but i would diversify in different ways against what might happen here. and one of them is to go to a part of the world that doesn't have the same policy schedule we have here. europe is going to tighten. i would go to those markets and major weight them. i would also go to offshore markets dollar resource based, canada and australia, that could do very well if we have a miniinflation panic in the united states and i think the emerging world has bottomed, the emerging stock market certainly has in march, it's been outperforming since, but right now, i try to be allocated away from the united states market. >> all right, thank you both, jim, david, always a pleasure. >> thank you. >> coming up next, we're on the money. the big job of keeping americans working, labor secretary john perez joins me on unemployment, bright spots and why he