. >> you're not being a polly anna. you know there are significant risks that we face, right?usly a situation in europe. china, the data today was dismal yet again. the fiscal cliff is looming. and the unknown of the election, right? >> i totally agree with that. here's what i see. i see a federal reserve still practicing quantitative easing. still allowing 1.5 trillion tlrs of excess bank reserves. still holding a zero percent interest rate policy. these are crisis policies. that's what you practice in times of national emergency. there is no crisis in this country anymore. we still have economic problems. the recovery's not nearly fast enough to please anybody. you could still do easing. but do we need the implementation and the nant nance of crisis policies in the faces of a recovery that continues to improve? >> jim -- >> albeit slowly. >> it's josh brown. given the fact that even the most bullish wall street strategists, i'm sure you take what they say with a grain of salt, even the most bullish say we're going to need a lot more multiple expansion to get to your target.