and quinlan vacated the death sentence, but he refused to vacate guilt. >> judge quinlan refused to grantrial. >> we were devastated. yes, it was wonderful to have john thomson spared from execution, but we were still looking at a man in his 30s to be spending the rest of his life in jail. >> so you're going to take the death penalty back and give me a life sentence? i was scared to death even more so now. you tell me i'm never going home again? that didn't give me no relief, none whatsoever. i was doomed. >> michael and gordon appealed the judge's decision, they knew this would be thompson's last chance for a new trial. >> john's going to go free or spend the rest of his life in prison. >> arguments were basically two fold. first, that carjacking conviction had been used to keep john from being able to testify in his own defense in the murder case. and secondly, we argued that all of the evidence that we had amassed had shown that john thomson was innocent of the liuzza murder. >> michael and gordon filed their appeal in february of 2002. five months later they received the decision. >>

we're joined by joe quinlan and jim paulsen. to you in a second joe, but last time you were on your thesis was all the good news was pretty well telegraphed and maybe in the market. maybe we're set to ring a little of the complacency out of it. >> i kind of think we're going to be at a broad trading range this year joe. we could go a little higher. but i think we also are going to see some lower levels as the year progresses. kind of digesting the big moves we've made over the last three years. you know it's interesting, we've got this sense we had this big move in 2014 but as we sit here this morning we're probably 50 points away from the level we were at in the summer. and it wouldn't take much of a decline to be flat since last summer if you will. and i think that's kind of what we'll revisit this year. you know i do think -- i'm not as worried about this current deflationary fear everyone has. and worried about whether the ecb's going to do quantitative easing or not. i think it's already been done. i think we've had a massi