let's stop in with our market gurus, jerry bowyer and steve grasso, plus peter shipp author of the little book of bull moves and bear markets and peter from the university of maryland, professor. peter, i want to start with you. it says you're bullish, is that because we have gotten where it indicates the recession has ended. >> the recession hasn't ended. if anything, it's just under way sfwhi was talking to the other peter. >> it's coming to an end. the fourth quarter is a good quarter and we have a lot more room to grow in this market. >> the other peter. >> it's a not a new bull market, the same bear market going on since 2000. what's happening in the u.s. is a sideshow. the main event is overseas, the markets are on fire there, particularly in asia.. the u.s. market looks like it's standing still. >> why are you skeptical of this? >> i know the underlying fundamentals of our market have worse and, not improved. we have more debt now. >> the gdp has improved more than two previous quarters and continuing claims, none of that is good enough for knew at what cost. look how much debt we

as we look at next week and the chances for major sell-off, peter shipp, i realize you have a more globaliew than that, but give us your view. big sell-off next week or will people keep loading up. >> i don't think so. i think there's probably more legs in this move. i wouldn't be surprised to see the dow get up to 10,000. i don't think that means anything about the economy. you had a 55% drop in the dow, markets don't go in a straight line, you will get bounces a lot of that on the new weakness in the dollar. >> do you have money in this market or not? i have money in foreign stocks doing twice as good. the difference, long term fundamentals are better and not only do you get better valuations when you invest abroad and higher dividends, markets go up for years not just bear market rallies. >> yeah, foreign stocks are going up higher but shanghai in kicks up 50%, wouldn't you be better going after u.s. stocks not recovered nearly as much? >> we're more comfortable with that and get the foreign earnings from the coca-colas of the world and think corporate earnings will continue to coming