>> people fosed onwashington, woied about things, debates and uncertainty, and ey're missing the stock maet. in terms othe fed chrman, he willnherited quite a crisis a year ago, d i thought he handled it very well. so i think thmarket likes stability and we're fine with this reappointment. >> paul: politic is fine with investing? >> yes. people are debating issues that might haveonsequences three, four yea from now. th market dsn't look out that far. >> paul: s months or so. >>efinitely. >> pau what are you seeing in the markets right now? >> broad markes up 53% fr itlow in march. we think it's a seible rally. a ry typical econoc recovery anticipation rally. >> paul: but overdone? >> no when it started we saw stks as 45%elow fair value. we still see the as 10% below ir value. we think this can ntinue. >> pl: other bullish factors? >> corrate bond yields are dropping. that's not talked about ry mu, but one of the best rallies in corporate bonds we'll ever see is underway now very supportive forigher stock ices. >> paul: b won't interest rates be risingif this economy doesn't indeed reco

tonight, onwashington week." thousands of mourners paid respts today to a man who lived the past an looked the futue. >> this november the torch will passed again o a new eneration of americans. >> idas and ideals are stamped on scres of laws and millions oflives. gwen: ted knnedy's pssing was not unexpectedut it leaves a void. on domestic sues like health care >> my hopes that this will maybe cause people to ta a brth, step back and start lking with each other again in me civil tones about what needs to be done gwn: and on bipatisanship. >> e was nevesmall. and in theprocess of his doing, he madeeverybody he worked with bigger. gwen as assachusettsnd the naon mourns, what comes next? in otherews, attrney general eric holer goes toe--toe with .i.a. drector lee on panetta ove detainee interrogations. >> threatening a risoner with electric dll isn't torture, i'm not sur what is. gwen: how ar will the invtigation go? and as fedchairman be beanke wins re-appointment, stocks gaibut deficit projections have slowed. is