thank you very much. >> thank you, sue. >> paul christopher with wells fargo investment institute. >>> still ahead, looking forward to our market monitor, who says he has a list of stocks that could rise double digits over the next year or s >>> the controversies swirling in washington have not yet had an impact on the economy. that is according to the president of the st. louis fed. james bullard today said that the markets should be ready for continued political volatility. he also said that gridlock on big policy issues is the norm in washington. so if current events delay or stall major decisions, it won't change the current outlook. >>> the speaker of the house will send the health care overhaul bill to the senate in just a couple of weeks. paul ryan said the delay was out of an abundance of caution until the congressional budget office releases its analysis of the measure, including the legislation's cost and impact on health insurance coverage. that analysis, or score, is expected late wednesday. when asked if the score could force another vote in the house, speaker ryan said n

joining us, paul christopher and our mike santoli is here on post nine.ngs are ticking along as far as economic growth is concerned. you think consumer spending is going to continue to be decent. it sounds like you are saying, don't worry too much about headlines that are coming out that might spook the markets one day or two. >> that's right. we don't know, as rick >> we don't know how long this noise lasts, but what we see frequently this year so far when we get noise out of august, paem begin to suspect the administration will get less done and that tends to bring valuations down. we thought they were a little bit stretched. the good news is we think economy is still solid so you've got buying opportunities here, just going to have to rebalance a little bit. >> my valuations though are still rich in many people's judgment. could this be a case of people trying to call downturn so many times and it doesn't happen that now, nobody wants to call a downturn? >> certainly nobody wants to call a downturn. i think the backdrop of not just the fact that valuat

for more, we have joined from fidelity investments and paul chryst -- christopher.ncertainties over the promised policy optimistic growth points that we were looking forward to, like tax reform and deregulation. is it that the market wasn't pricing that in or it's still optimistic about it? >> i think the key thing to remember is that since the first quarter of last year we have been this this global synchronized reflation. and the promised fiscal policy changes in washington really don't take away from that. right? so this is a self-sustaining global upturn that is driving earnings higher. that's what's driving the markets higher. you know, the right kind of fiscal reform is icing on the cake. it can extend our cycle although the wrong kind of reform can shorten it if it brings the fed into play. but we don't really need fiscal for the markets to go higher because we have a global tail wind of a global reflation led by china and that's been really the big story fundamentally driving stocks higher for the last you know five quarters or so. >> well, paul, do you agre