ron wheelock, aka, the gringo shaman.a former mechanic and pot dealer from kansas, who spent two decades in peru, cooking up psychedelic teas in his role as shaman, or traditional healer. i meet up with stan and ron at el purguero as the gringo shaman breaks down the mix for his brew, acclaimed as the most powerful in the region. >> these are the leaves of the wambita, the chaliponga, they contain five dmt. this is chacruna, this contains indian dmt. and these are from the -- [ indiscernible ] >> for millennia, native shamans in the amazon has tapped this jungle pharmacy for all types of cures. but in the past decade, thousands of american tourists have flocked here, seeking help from medicine men, healers like ron. a ten-day retreat at el purguero costs about a thousand dollars and attracts a wide range of seekers from across the globe. a father and daughter from canada, an online entrepreneur, the son of a successful ceo, and a professor from belgium. like stan, these travelers are serious. they want healing for mind, b

ron wheelock. a/k/a the gringo shaman.e's a former mechanic and pot dealer from kansas who spent two decades in peru cooking up psychedelic teas in his role as healer. i meet up with stan and ron as the gringo shaman the mixes up his brew, the most powerful in the region. >> these are the leaves. this is shockruna. this contains emdnt. >> for millennia, native shamans have tapped this jungle pharmacy for all types of cures, but in the past decade, thousands of american tourists have flocked here seeking a new wave of gringo healers like ron. attend a retreat here costs about $1,000. and attracts seekers from across the globe. a father and daughter from canada, an online entrepreneur, the son of a successful ceo and a professor from belgium. like stan, these travelers are serious. they want healing for mind, body and soul. >> so what's the strongest part in the ayahuasca? >> when you harvest the whole plant, the root, the root is the strongest part. each one of you tear it open and put one in. ♪ >> to produce this powerful

ron blesses the hut using rituals he's learned from local indigenous healers. where the ceremony's going to take place. in a little while it's going to be pitch black in here, and ron is going to be presiding from his altar. this first part of the ceremony is called the purge. so you'll see a lot of basins in front of the chairs. that's because people will start to vomit profusely or even have to defecate. but many people have said that this one experience can be life-changing. as i watch ron's guests file in, it's clear there's more to ayahuasca than just the promise of a hallucinogenic experience. stan's quest and that of the others is steeped in traditions that pay tribute to the plants of the forest and a spirit being called mother ayahuasca. >> thank you for all the plants in the world who give us life, who teach us, who heal us. for without them nobody would live. >> everybody is supposed to have an intention before they go through with this ceremony. do you have one? >> i was thinking about just focusing on my on healing, kind of letting the wisdom of th

ron wheelock. a/k/a the gringo shaman.e is a former mechanic and pot dealer from kansas, who spent 20 years in peru cooking up psychedelic teas in his role as healer. i meet up with stan and ron as the gringo shaman mixes up his brew, the most powerful in the region. >> these are the leaves. this is shockruna. this contains emdnt. >> for millennia, native shamans have tapped this jungle pharmacy for all types of cures, but in the past decade, thousands of american tourists have flocked here seeking a new wave of gringo healers like ron. attend a retreat here costs about $1,000. and attracts seekers from across the globe. a father and daughter from canada, an online entrepreneur, the son of a successful ceo and a professor from belgium. like stan, these travelers are serious. they want healing for mind, body and soul. >> so what's the strongest part in the ayahuasca? is it towards the bark or whole thing? >> when you harvest the whole plant, the root, the root is the strongest part. each one of you tear it open and put one

where is ron? is he there now? >> anyway, listen up, ron is sitting right here. he's waiting at the camera. we are live at the 23rd annual baron investment conference. this year aels's theme is built to last. our host today is ron baron, chairman and ceo of baron capital. good to see you this morning. >> it's great to see you. >> we're talking about how this started. it's been 23 years, which is amazing to me. the very first conference, what happened? where was it? >> it was at the harmony club in new york and there were 35 guests and 45 speakers. every one of the 35 guests was a friend of mine. i had to ask them to come so i wouldn't be embarrassed. i knew every single person there. >> how many people will be here today? >> 6,000. >> yeah. they're already lined up in a holding tent outside waiting to come in this morning. baron capital has grown along with the number of guests that have come along. >> talking about that, the last time you had me on television, you had me talking to steve liesman and i was saying that i didn't really believe in economists, i beli

rej regjegen ron is not done going higher? how is that possible? how can i tell you once more into the breach in the stock that's already made us a crazy amount of money, isn't that that causes pigs to get slaughtered? >> look, if you bought the stock at five bucks, and have ridden it all the way up to $410? then of course you would be nuts not to take some prostsds. listen, you would be playing with the house's money. if you've been hesitant, if you missed this incredible move. i'm telling you it's not too late. see it's undergoing one of the -- it's a full-scale kafka-style metamorph sis. this store ends positively. you know the old saying the fox knows many tricks, the hedgehog knows one big trick? it's for year rallies as a hedgehog. it's been a one-trick pony. with a single incredibly successful blockbuster drug. a -- as sales beat wall street expectation, and the drug gained new prove, like diabetic macular edema, it propelled regen ron stock, but now we're seeing it as signs of a fox, a company with many tricks up its sleeve it's these drugs

ron holt, our -- ron hope, articles for this year's organization. you for mers, thank your advocacy on behalf of veterans. fellow veterans, members of armed forces, va colleagues, good morning, everyone.

>> ron allen starting us off on a cold night in ferguson, missouri. ron, thanks. >>> now we turn to news from overseas with the latest video featuring the murder of an american, a former soldier doing volunteer work. and a mass beheading, a video we will not show, obviously. isis keeps trying to outdo itself in terms of shock value. they remain the face of horror and terror in the modern will. this now ups the pressure to find them and defeat them. we get our report on all of it tonight from our chief foreign correspondent richard engel. >> reporter: in indianapolis friends and family remembered the 26-year-old iraq war veteran who dedicated his life to help victims of war, and paid for it with his own. >> our hearts though heavy are held up by the love and support that has poured into our lives these last few days. >> reporter: peter kassig traveled to syria last year to volunteer as a medic and was kidnapped. in captivity he converted to islam and changed his name to abdul rahman. it didn't help. he was tortured and saw some european cell mates rele

>> ron allen starting us off from ferguson. ron, thank you as always. that is the scene outside while inside this grand jury room, a very different scene is playing out. a deliberative process with very specific guidelines to consider. our senior legal correspondent, cynthia mcfadden, here with us in the studio to talk about it. and for those, cynthia, who think this is a slam dunk either way, clear cut, talk about the tough job these grand jurors have and what they must consider. >> well, of course they are not sequestered. they're living in the community that will be so deeply affected by this. their job is to objectively decide what the law and the facts tell us. and we know that michael brown wasn't armed of course. but the missouri law gives very wide latitude to police officers to defend themselves, which means if a police officer reasonably fears that his life is in danger, he's entitled to use deadly force. so that's one thing the jurors are going to have to consider. what is the evidence in relationship to that. the other is that missouri unlik

we get our report tonight from nbc's ron mott. >> reporter: agents with the d.e.a. conducted surprise inspections of the seattle seahawks, cincinnati bengals, tampa bay buccaneers and san francisco 49ers shortly after their game ended sunday. >> the d.e.a. and everyone else is always investigating teams to make sure everybody's doing things the right way. >> reporter: a federal official familiar tell nbc news authorities want to know whether there's a prescription drug free for all in the nfl, if doctors in fact are failing to examine players before prescribing them drugs, if they're illegally transporting and dispensing and whether trainers have improper access to these medications. the officials say agents questioned team doctors and other medical personnel and inspected their bags. a washington sports columnist broke the story and said as many as six teams were targeted this weekend. >> when an extremely popular american business like the nfl when there's evidence there may be painkiller abuse, it's the d.e.a.'s job to step up and get involved. >> reporter: the s

. >> what's that, ron?they're not moving. >> they're not moving. >> sorry, they're not moving. >> very slow jets. >> it's kind of realtime. also tomorrow millions more will hit the road today and tomorrow for driving and gas prices are going to continue to drop and rob has your travel forecast, dr. rob marciano will have that forecast. >> doctor? doctor? >> i've just given you a promotion. >> i'll take it. >> honorary doctor. >> so many busy traveling and so many shopping. tomorrow is cyber monday and it's really the best kind of shopping on the couch in your pjs. we're going to tell you how and where to score the best deals out there. >>> but we do get to the breaking news overnight from ferguson. the police officer who shot and killed an unarmed teen has quit the department. officer darren wilson's letter of resignation says he doesn't want to put the residents and police department at risk so he is stepping down and alex perez is on the story for us in ferguson this morning. good morning, alex. >> report

hilary rosen, ron brownstein, good to see all of you. thanks so much. of course, be sure to tune in for all of your election night coverage starting at 5:00 p.m. eastern tuesday night. >>> a spaceship breaking up during a test flight, and it could bring the excitement for commercial space travel to a screeching halt. the reaction from former astronaut mark kelly next. >>> and a live look over the big island in hawaii where lava continues to threaten dozens of homes. our own martin savidge joining us live from a helicopter straight ahead. helps you find a whole range of coverages. no one else gives you options like that. [voice echoing] no one at all! no one at all! no one. wake up! [gasp] oh! you okay, buddy? i just had a dream that progressive had this thing called... the "name your price" tool... it isn't a dream, is it? nope. sorry! you know that thing freaks me out. he can hear you. he didn't mean that, kevin. kevin: yes, he did! keeping our competitors up at night. now, that's progressive. where the reward was that what if tnew car smelledit card a

bush, ron christie. both of you. >> thank you, carol. >> hi, carol. >> ron, you say this is an embarrassment to mary landrieu. she says she doesn't blame anyone but should she? >> i think she should, carol. we talked about this last week, i called this the mary landrieu preservation act and she has really been lobbying her colleagues in the united states senate, 41 democrats voted against this. they voted against an effort in the last-ditch move to keep her in power and i think it shows that as the would have been chair of the senate energy committee that she doesn't have the power and clout she claims she did to bring it home for louisiana. so i think we've seen the last of mary landrieu. >> perhaps more hurtful, and just to show the ugliness of the political game, maria, the democratic committee has pulled all the money out of the race in louisiana. democrats are abandoning mary landrieu, sure she's going to lose. so they're sort of saying, yeah, don't let the door hit you on the way out. which is -- i

keep it right here. >> can we see ron's again? keep it right here. >> can we see ron's again? your engagement, but this is my vow: with up to 10,000 loose diamonds and our amazing settings, i will help you create a one-of-a-kind ring that can only be described as... what's the word i'm looking for? perfect! that's the word. followed by one more. yes! and that's why he went to jared. the galleria of jewelry. let me get tyes?straight... lactaid® is 100% real milk? right. real milk. but it won't cause me discomfort. exactly, no discomfort, because it's milk without the lactose. and it tastes? it's real milk! come on, would i lie about this? lactaid®. 100% real milk. no discomfort. and try lactaid® supplements with your first bite to dig in to all your dairy favorites. than(male announcer) me to be this holiday season, i am. give thanks to the pets who inspire you! at petsmart, save $20 on all large bags of nutro® natural choice dog food, with mail-in rebate. petsmart® when you take advil you get relief right at the site of pain. wherever it is. advil stops pain right where it sta

explain that, ron. also ideological and a bit aggressive. >> well, the fifth amendment to the constitution says a capital indictment cannot be returned against an individual unless, of course, they have had the chance to have a presentment before the grand jury or, of course, they're indicted. so for those to have pre-judged the outcome, i look at an icon of the civil rights movement, john lewis, who was making comparison to selma saying if there was an indictment not handed down than justice would not be done, that's pre-judging the outcome. he wasn't in the grand jury room, he didn't sit through 25 different sessions of the testimony and look at facts. we can all have a very emotional reaction to this very tragic story, but as a lawyer i can tell you, you're trained to look at facts in evidence, not emotion. and i think that's the real tragedy of what's happened in ferguson. >> l.z. grander son, was there a rush to judgment? >> well, i think there may have been a rush to judgment on both sides. i agre

ron just reminded us that we're on tv. thank you, ron. appreciate that technical advice.retty much anywhere you're waking up in america this morning it is absurdly and unreasonably and unfairly cold. check out the map. the polar plunge enveloping most of the lower 48. >> and winter is not here yet. but we're looking at high temperatures a good 20 to 40 degrees below average this morning. and snow, if it hasn't already hit, is on the way for many. and coming up, meteorologist rob marciano will tell us what to expect. >> not looking forward to that. >>> but we're going to start with the new images and new information in the case that has caused angry debate and violent protests. you are looking at just-released surveillance video of officer darren wilson. these images captured in the hours after darren wilson shot and killed the unarmed teenager. mara schiavocampo has more on the pictures and the radio calls that give us a better sense of timeline. good morning. >> reporter: good morning. these video and audio recordings provide the most detailed chronology yet of the fatal

[applause] ron is the weatherford arms professor for arts and the humanities and a professor of arts and where he is servicing the faculty in addition to the publication of "when paris went dark" he has published well over 100 articles and book reviews, has edited three essay collections and has written two monographs and novels. he lives in amherst massachusetts with his wife betty at cookbook writer so please join me in welcoming ron. [applause] >> thank you susan and thanks to elm street books for inviting me here. my wife betty is the cookbook writer and she came to elm street books a couple of years ago. her new book and this is why i'm here to to burkwell my wife. her new book called sunday casseroles, she will be back here in about a month to sign it. in fact i wanted to have an evening where we could talk about casseroles for hitler. [laughter] she has much better taste than her husband and i want to thank the new canaan library. these libraries in england are marvelous and the way they bring people together like you who are interested in big questions and are big readers. th

captain ron johnson was on earlier today. the commune think have to take some responsibility for what happened. this is not how to create change. it's created through our voice. i know, your voice has been one of the many calling for change ena better ferguson. we appreciate you joining us today. >> thank you. >> several questions remain unanswered including could the prosecutor still move forward with charges against officer wilson. that's one of the questions and there's a possibility a slight possibility. we'll explain. and what happens to the federal investigation into the shooting. i'll talk live with missouri prosecutor and civil rights attorney john burris who worked on many cases including the rodney king civil case and the oscar shooting. by gathering the evidence and meeting with the grand jury. we do this on a daily basis. the holiday season is here, which means it's time for the volkswagen sign-then-drive event. for practically just your signature, you could drive home for the holidays in a german-engineered volks

he knew the words unlike ron and i were -- >> i knew the words. >> ron, ron, you did mess up the samed having rob there because i like having several people to hide behind. and he's tall. >> you killed it in can i say saturday morning i instantly regret seeing that and doing that now. >> i don't at all. i kind of want to do it again today. that was so much fun. >> speak of halloween, supermodel heidi klum outside klum. she's out doing herself this year. her amazing costume, check it out also many other celebs who played dress up. we'll show you all of themes -- all of them, all of them. >> warning there. >> how to speak english. >>> coming up here on "gma" but we are going to start here with a real disaster on a movie set and it played out on camera. >> not a movie camera but instead a surveillance camera that was set up on a moving train flying at almost 60 miles an hour towards a film crew that may not have had permission to set up shop on the tracks. the results were fatal. so what went wrong here? abc's chris connelly speaks to an eyewitness. >> reporter: 27-year-old sarah jones w

i think ron is right.blicans decide to go hard right after tonight, they're going to leave the middle wide open and that gives a big advantage, whoever is democrat nominee. if the republicans are willing to play across the aisle and look more like a goching party, that will help nem in 2016. >> what about the president of the united states? he's in the final two years of his presidency. is he going to make the kinds of compromises -- let's assume the republicans are the majority in the house and the senate. will he will able to wrk with the republican leadership and irritate the liberal democrat base? >> trade and taxes would be the best opportunities. i think mostly he's going to pursue the independent action, the executive order on immigration, as well as his climate change regulations. a larger point at the president, i think there's a clear lesson here. it's a reminder to the democrats that no matter who else you unviet in the united states and whether you campaign with a president or not, the presiden

what billionaire ron baron looks for when he invests his money and yours. and how west point is moving to the top of the class with an innovation born out of centuries of tradition. >>> and a look at how the stock market ended the week. we thought our cable internet was fast. but, our uploads are half the speed of our downloads so our internet is really half-fast. so half-fast. someone did a half-fast job posting our vacation pics. stop living with half fast internet. only verizon fios comes with speedmatch - uploads as fast as downloads. so his homework won't be so half-fast? that is up to him. get a fios triple play online for this great price and a $400 visa prepaid card with a 2-year agreement. call the verizon center for customers with disabilities at 800.974.6006 tty/v ♪ ron baron is a legendary mutual fund manager with a reputation of picking long-term and lower volatility stocks with his money and that of his clients. i spoke to him from the baron investment conference that boasts of the theme "built to last." you could say that about his portfolio

what billionaire ron baron looks for when he invests his money and yours. and how west point is moving to the top of the class with an innovation born out of centuries of tradition. >>> and a look at how the stock market ended the week. hey john, check it out. whoa! yeah, i was testing to see if we really can turn any device in your house into a tv. and the tablet worked just fine. but i wanted to see if the phone would work as well. so i shrunk sharon. every channel is live just like on tv. but it's my phone. it's genius. shh! i'm watching tv. tiny sharon is mean. i'm right here. watch any channel live on any device around your home. download the xfinity tv app today. ♪ ron baron is a legendary mutual fund manager with a reputation of picking long-term and lower volatility stocks with his money and that of his clients. i spoke to him from the baron investment conference that boasts of the theme "built to last." you could say that about his portfolio of his fund and his career. >> when i was 14, i saved up money, 13, 14, i saved up money and i was allowed t

get in there. >> get in there, ron.'re doing. >> yay. >> whoo! >> that is great. we're so happy for you guys. >> thank you. >> really, really happy. we're going to miss you next weekend and the weekend after but come back, we're excited to hear all about it. congratulations in advance. >> one more kiss. >> one more kiss as we go off the air. thank you for watching, everybody. hey! welcome home! woah, this kitchen looks beautiful. hey mom! it's bigger! it's great, right? give him the tour. let me show you! quartz countertop, soft-close drawers, farm sink, under cabinet lighting, look at this spice rack. um... where's my room? right there where it's always been! we had to take just a little bit for the kitchen. just slide right in! ranked highest in customer satisfaction. ikea kitchens. from san francisco to silicon valley, boston private bank works with all kinds of people who are innovating, building, contributing -- individuals, business owners, private partnerships, non-profits, families planning their financial futur

get in there. >> get in there, ron.ing. >> yay. >> whoo! >> that is great. we're so happy for you guys. >> thank you. >> really, really happy. we're going to miss you next weekend and the weekend after but come back, we're excited to hear all about it. congratulations in advance. >> one more kiss. >> one more kiss as we go off the air. thank you for watching, everybody. >> good morning, i'm nydia han along with eva pilgrim. coming up on "action news" sunday morning. a young boy clings to life after he accidentsly shoots himself with his father's gun. >>> the eagles are ready for gridiron axe at lambeau field. >> reporter: it's cold out there, but look the what the model are predicting by tuesday morning, these are windchills. i'll let you know how long this stick around in the seven-day forecast. >> good morning it is 9:00 a.m. on this sunday november 16. >>> in the news, isis militants claim to have killed another american. we'll have the latest on the breaking news. >> crews are trying to once again, or have removed i

nbc's ron allen remains in ferguson for us tonight. ron, good evening. >> reporter: good evening, brian. it has been a better, calmer day and night here. but there's still a lot of tension on this holiday eve. more national guard troops backing local police have helped. but there's still flash points for violence and confrontation. at this explosive street corner, police clash with protesters. >> it is time to disburse. >> reporter: flames reignite a building. and a retired teacher hopes the business she spent her life's savings to open now in the path of a fire is still there come morning. how do you feel about all this? >> frustrated and disappointed. >> reporter: for now she's giving the young people battling the police every night the benefit of the doubt. >> i don't assume this behavior, but after a while some people only respond with violence. >> reporter: now demonstrators are out day and night from coast-to-coast filling the streets of downtown washington, a major highway blocked in dallas, nearly 200 arrests in los angeles. st

"action news" reporter vernon odom has his story. >> this was ron more than 25 years ago.umber 57. a philadelphia eeg the linebacker. now he is a detective tackling crime problems full-time supervising more than 70 investigators of the first african-american to obtain the rank in the prosecutor's office. >> camden, yeah, it's just a tough city. >> so new to this top-level post dozens of his letters of accommodations have not been hung on the wall yet. the case that sticks out most hads a front-line investigator the two busts in the 2001 murder of in washington township, abducted in the parking lot of a patco station. >> this is one that really touched me, you know. it touched me because it was just such a senseless case. >> and he was a stand out at the university of florida before becoming a high florida draft pick but knee injuries ended his career. and he enrolled at rutgers to get a degree in psychology and it led him to the prosecutor's office. 19 years he has thrived and risen through the ranks working with anticrime programs and bringing criminals to justice. ron mo

mime troop, right, ron? give a big shout out for ron. [cheering and applauding] >> that's for you. >> i have the honor of being arrested in this park in 1965. [laughter] cheer cheers >> under different management, i can say, had we performed for this guy we would not have been arrested. >> i'd be in it. >> he'd be in it, right. he's almost as good as we were. 1965, it was a very different commission and they took away our permit. we had done three shows. they didn't like the play. it was an aclu issue, it was called free speech. so, we've declared that the little park over there where i was arrested is going to be a free speech area called the mime troop area. (applause) >> free speech, you can come and do anything you want. >> awesome. >> no fees. >> thank you, ron. the interesting thing about a free speech area for mime, it's pretty quiet. [laughter] >> all right. hey, a big shout out, one last shout out to the rec and park staff that really pulled this together. (applause) >> i want to start with the peop

get in there. >> get in there, ron.e doing. >> yay. >> whoo! >> that is great. we're so happy for you guys. >> thank you. >> really, really happy. we're going to miss you next weekend and the weekend after but come back, we're excited to hear all about it. congratulations in advance. >> one more kiss. >> one more kiss as we go off the air. thank you for watching, everybody. >> good morning, the time is 8:56. taking a look at some of the stories topping the news today. is dead and another has been hospitalized after an overnight shooting. it happened on the 13,000 block of keating drive. bothe are only saying that victims are male and have not released any descriptions. countyle, in georgia there was a stabbing just after midnight at a party on the 8500 block of landover road. two people were stabbed, one died of injuries and the other was said to have non-life-threatening injuries. no arrests have been made. wintry asot as yesterday, we had some light snowfall this morning. shotd here, this is a live at national harbor

here to talk to us about it is stephanie cutter and ron christie.e to both of you. >> good morning, carol. >> stephanie, i'm excited to hear what you have to say. kay hagan has distanced herself from president obama for months. now he shows up in a last-anybody ad. what's the strategy here? >> i think at this point in the race -- it is election day, there are very few people undecided. this is about getting your voters out to vote and the president has that ability. he has won north carolina once, lost in the his reelection. there is a base of support there. african-american voters, young voters, people in those suburbs and having the president speak to him and talk about what's at stake in this election can get them to actually come out and vote. >> ron, she's right. president obama has the support of the majority of african-americans, could this help kay hagan? >> it could, the question, of course, is what people feel when they go in the ballot box, carol. do they feel more confident right now than they felt sick years ago? yo f you look, wages co

carl. >> ron allen in ferguson tonight, ron, thanks so much. >>> on this football sunday, there is new fallout from the ray rice ruling. questions are swirling about his possible return to the field. while others are demanding answers from the nfl commission earp. for more here is kristin welker. >> reporter: as the ravens took on the chargers today it was baltimore's former running back ray rice just reinstated into the nfl that was the big topic of conversation off the field. >> everybody deserves a second chance in life. >> let him come back. >> some team will pick up up, for the playoff stretch. >> today espn is reporting that multiple teams have indicated interest in rice, including the saints and the colts. >> there are teams for a need for a running back and they might be taking a chance. and america loves people who can make up for a past wrong. >> reporter: the judge said the league was wrong to punish him twice. roger goodell suspended ray rice for two games and then after the video came out, goel suspended -- goodell suspended him. janay rice in an exclusive interview with m

ron street right near ripply streets, right in that area. that vehicle completely on its side and a pole down in that area because we're told that a vehicle overturned into a pole. this is going to be blocked off. if you want to avoid that portion of ron street, you can take cottman avenue. eastbound side as traffic moves along just past route 29, more drivers on the roads, but no significant delays to report just yet and no accidents on any of the major highways in pennsylvania, new jersey or delaware. speaking of new jersey, checking some of your drive times on the marge majors there. 295 looking good. new jersey turnpike southbound from mt. holly to 168, 17 minutes and 14 minutes on 42 northbound from the expressway out to the walt wittman bridge. >>> a walking history lesson. a surviving member of the tuskgegee airmen stopped by class yesterday. the author and former pastor spoke to the kids about his life and told nbc 10 that kids really need to focus on continuing their education after high school. >> you need to go to college. aim for

for ron ron baron's fund has outperformed. he has been a bull for a long time. he is one of the classic long-term buy and hold guys. 5.8% unemployment right now. interest rates at historic lows. the market is up. >> i don't know if you can bet on that. the biggest argument against this is that this rally over the last few years has been fuelled by rock bottom interest rates, massive quantitative easing and stimulus. that is not a guarantee. we are done with qe. what comes next is higher interest rates. can't that kill the rally? >> what we think comes next is higher interest rates. i'm not convinced the feds going to move next year. the inflation data going in the opposite direction. there is no real reason for the if ed to move prematurely. the rest of the world is deflating and desperately trying to reflate so if we got rock bottom interest rates in 60% of the world right now and other countries and areas are trying to get things going that is positive for stocks -- cyclical factors. the october to april holding period. all of that is favorable for stocks, as