here with is mike thompson and steve nemathe, you like people getting into dividend stocks, don't you, if you look at the dow which is a close approximaty, the top five are at 45%, and the top 15 names, that gives you a very diversified portfolio, is a very good yield. so, i'll pile on i guess. the dividend yield is great. squl you say pile on, we have seen this recommendation for so long, and yet the stock yields remain very high. it's startling to me. >> it's surprising. a lot of it is for the first time a lot of dividend increase. there's a lot of companies that finally tapped their balance sheets and used the cash to raise dividends. i think people are gravitating to them more now. they're more attractive now. >> mike thompson, when you have valuations like this, what does it say about valuations in the market right now? >> i think you can make an argument for corporate bonds and their stocks, right? for the s&p 500, if you look at the default rate, it's .14 of one percent. so just by looking at most of the debt in the s&p 500. that being said at 13 times next year's earnings. and