rupal bhansali participated in that roundtable and joins us now. but jack i'm in a start with you.% gains but they didn't see recession either. see. >> this is the best roundtable i have attended and i'm not just saying that because she's sitting right here. the view, i would say -- i would describe as less bullish as they have been in the past but how can you not be after 30% spot gains and no earnings growth. we expect returns to be lower going forward. but generally we are pleased with the state of the economy because the economy is going quite well right now. there were some out of consensus views, there were some people who thought maybe the market wouldn't do as well going forward but that group describes you but what's not to like about the stock market here. >> i think people keep be focusing on the economy and it's about the market the two can be different. i don't think they want to see an economic recession it's too strong for that. but i think we might see a small recession. earnings did not grow but the markets went up because of his multiple going upwards. so i think

rupal bhansali participated in that roundtable and joins us now. but jack i'm in a start with you.but they didn't see recession either. see. >> this is the best roundtable i have attended and i'm not just saying that because she's sitting right here. the view, i would say -- i would describe as less bullish as they have been in the past but how can you not be after 30% spot gains and no earnings growth. we expect returns to be lower going forward. but generally we are pleased with the state of the economy because the economy is going quite well right now. there were some out of consensus views, there were some people who thought maybe the market wouldn't do as well going forward but that group describes you but what's not to like about the stock market here. >> i think people keep be focusing on the economy and it's about the market the two can be different. i don't think they want to see an economic recession it's too strong for that. but i think we might see a small recession. earnings did not grow but the markets went up because of his multiple going upwards. so i think the base