trade package, but if we can get some sort of resolution, powell stays put, i do think we're going to seibert line growth, better earnings growth than is being priced in. >> i think what bob said you're paying a high premium on eps that has been declining. this has all been 100% expansion. if you believe the china trade deal, if that winds up cwith companies exploding with cap x -- if that doesn't happen we're paying a premium for things that just aren't there. >> carter called the rally back in december. >> every single time we have come down and gotten this low, what's happened is that small caps have outperformed and we are at that critical juncture yet again. what has happened here is this is this. is this. i'm going to make the bet that is going to happen again we are going to actually have a double bottom on this and we're going to have a major multi-point bottom on the percentage above or below. >> well, the iwm is up around 17 -- excuse me, 14%, but carter says the rally has gotten ahead of itself. why don't you head on over and break it down. >> remember, this is just getting into wh