hodges fund portfolio manager, and scott bauer down in the pits of the cme. scott, i want to start with you. just an overall comment into the weekend here. this optimism on wall street, okay, we had the bumps and grinds. we had various pullouts but right now they're looking towards the sky as the limit. what do you think? >> it is funny, david, you mentioned consumer sentiment at lowest point in the last six months yet the majority of people think this is a great time in the market and are still very bullish so this a tug-of-war. from the earnings standpoint, s&p 500 companies reported very good earnings but the revenue line is not so good. david: again. >> exactly. like six out of the last eight earnings period revenue has been down, but, that being said it's almost like back to summer where we're in that area of bad news is good news. no news is good news. the more that comes out that is, you know, not a good thing for the economy, the further out this tapering is going to get. lo and behold we're out to march, maybe out to june of next year. no reason why t

let's talk to scott bauer, he's with trading advantage. scott, do you think it will continue when the markets open up later this morning? > >i think we're in this period again much like we were in the summertime where good news is good news, bad news is good news. so yes i do think it's going to continue. and there's some signs out there. like oil, the price of oil which has come down dramatically over the last 2 to 4 weeks. that makes consumers feel good. that makes consumers want to go out and spend money. so albeit that revenues have not been that great coming out of earnings even though earnings have been good---i do see the market going higher from here. > >any kind of weaknesses? are we overpriced in any parts of it? > >you can pick apart the sectors but i'll use the analogy of a canteloupe and a pomegranate. the canteloupe has the entire markets covered. the pomegranate is just real small. we are seeing every sector across the board participate in this rally so it's hard to pick out any weakness whatsoever. and the fact that the bank