patrick armstrong is still with me. long european equities, short the food and beverage companies. because it is too expensive? patrick: the most crowded part of that is you have risks in europe by the best companies in europe which is nestle, the beer companies. non-cyclical, and analysts have profit margin growing year after year because their commodity prices falling for the last five years improving growth margin. i think that has run its course. any precipitous falls, i don't think it will spike higher. but analysts have consensus seven.rom 5'5" to over four times book value, it is a very expensive quality play right now. guy: dax just opened up .2%. talk to me help him be this summer will be for europe. what is the story there? patrick: we are short euro stocks righ tnt now. there is risk there. when everyone is hedging one clear risk you have to pay a lot. it is very elevated. guy: where are we? resident 17 right now, not quite double but it is getting close. things are pretty good in the u.s., and pretty terrible

patrick bernard. don't go anywhere. i'm rappy williams. this is the right >> i'm armstrong williams, and this is the right side forum. >> emotional capacity is building the capacity to react positively, no matter what external even internal emotional stimuli that you go through. it's not being hard and calloused and nonchalant. it may seem that way, but it's learning how to manage your emotions in such a way it's always constructive and not destructive to your life or those that are around you. i learned that you could say you're sorry, but it doesn't pull back the experience. once it is out, it's out, whether it's in words or actions. >> thank you for joining us today. i think we had a fun time, discussing comedy. comedy and magic and the things that go along with that and how to smile and get away from your week. thank you for joining us. i'm rappy williams. next time armstrong will be here. i want to thank all my guests. to tune in and see what we've got in storage, you can check out the show and come to d.c. and check out the magic act here. thanks a lot. tune next week