what halving ppens to stock mar sns. >> the economy is generally good a number of the government's policies in terms of business are allowing businesses to do better the ceos and cfos are the most upbeat about the economy than they have been in a long time. they are about 18 times the earnings we would agree with cooperman's assessment if the economy continues to grow, stocks can continue to grow one thing we point out, growth stocks are at about 30 to 40 times earnings we think they are very richly priced and are vulnerable to the pullback there are a lot of values. we any that's a very good place to put money regardless of what your outlook for the market is >> the other thing that cooperman said, that leslie highlighted, he doesn't think stocks are in a bubble but thinks that bonds are in a bubble do you agree with that >> i am not sure we would necessarily label it a bubble. we throw that term around without necessarily making important distinctions bonds are far more expensive and make equities look cheap by comparison for that reason, you remain levered to equities and the fundamental