liz: let me get to peter kenny. you're an equity guy. we know you like equities. what else going forward as we see this may or may not last. there may be an interim correction. where do people who have a little bit of dry powder, couple thousand dollars they want to salt throughout the market, where should they be putting it? >> look for trades that have been confirmed repeatedly over last three, four, five quarters, housing financials. these are two, if you believe in the thesis we have a major leg up in the market which was confirmed by the transports and the dow earlier today, if you're a believer in this thesis, i'm a believer in it, are two pill lars -- pillars for any move higher and expansion in the economy domestically. housing, financials without a doubt. energy as the third. liz: okay. >> large cap technology for the dividend but those three i think you've got to have exposure sure to with dry powder right now. liz: let me tell the viewers. things working past five months, at least follow that trend for now, correct. >> yes. david: wow! that is amazing w

let's just get to peter kenny right now. bringing this comeback in the markets, peter? >> i think, mandy, it has an awful lot to do with being very, very sharply and steeply oversold on an intraday basis. we came into the day with some very soft footing despite the fact that we had some very positive economic data in the form of the employment numbers, housing, existing home sales, home prices. the fact that they went up 6.5% over the last period. there's a lot of positive economic data. but what's really overshadowing that data is, of course, what's going on in cyprus. in a much broader narrative, the eu, what the implications are for the eu. so questions there. and, of course, at the end of the day, we were probably, more than anything else, overbought as an equity market, broadly speaking. >> that's an excellent point about being overbought. there were a lot of overbought signals in the last couple of weeks. as brian was saying, maybe this is a good thing. a pause is healthy. >> i'll tell you what, mandy. it is welcomed.