what do you think about on that score, stocks versus bonds, steve sachs? >> yeah. no, i agree with steve liesman. the connection between the fed policy and fixed income in equity securities, vastly different. not unconnected, but vastly different. fundamentals is what's driving equities. the fact of the matter is, is the make ro economic picture aside from a few data points here and there, it's actually pretty good here in the u.s. particularly relative to the rest of the world. yeah, could we see some sort of short term pullback when the fed stops buying bonds? we could. i actually think that'll tend to get ignored when that actually happens. because we should be so far into the fundamental good picture at that point and the macroeconomic picture that ultimately i don't think that'll have a whole lot of weight on stocks. obviously from fixed income perspective, much, much different story. particularly investors we deal with on a daily basis. very concerned about fixed inco income exposure. >> rick santelli, last chance to respond. whether stocks are at levels based

goldman sachs driving the market high higher steve leisman is at goldman headquarters with its president and chief operating officer. >> thanks. you should have seen the smile on our put it back up. take me to gary. the coo. what do you think when you look at that chart? >> we're going to grow all over the world. you know? as we look at the opportunities set out there. >> when you think which is the place like you expect the best returns? if it's not double digits you're really concerned? >> i don't know if we have double digit growth anywhere. and so if each of our businesses is growing and each of the businesses is growing in market share, we're going to grow as a firm. >> let's talk about the market more broadly. >> when i look at the alternatives for money today, where it can go and where it can get a return, equities look cheap. i am concerned that we will get a reversal in interest rates and the inverse correlation between rates and price is going to surprise a lot of people. >> how far in advance do you position yourself for that change? the summer? a year down the road? >> we won

steve from markit. paul, thank you very much. icbc shares have traded lower in hong kong today after goldman sachs sold off its biggest stake in the final sale to the chinese lender ended a seven-year investment that netted the wall street firm more than $7 billion. putting the squeeze on interest income margins. shares of picc fell sharply in hong kong today after the chinese insurer announced plans to raise $900 million to a shares right offer. picc's two cornerstone investors, the people's insurance company of china and aig have agreed to subscribe to the rights issue and hold on to their shares. china's insurance company is growing annually, but profit were under pressure making it difficult for insurers to keep enough capital as a buffer. >>> and toshiba has announced a key shipment in its chip business. it will start mass producing smaller next generation flash memory chips later this month and speed up the writing of the process. this according to the nikkei newspaper. >>> also, softbank has granted sprint permission to dish. toshiko has the story for us from the nikkei. >> hi, ross. softbank had reached a deal that spent t

steve grasso, tim seymour, karen finerman, dan nathan. mike kuo. but first our top story. the bull run, another record-setting day for stocks. but wall street continues to play catch-up. today goldman sachs putting out a 1750 target on the s&p for this year. the forecast for the bulls continue to run for another three years. at high as 2100 in 2015. dan nathan. believe this? >> listen, they're calling the end of u.s. stagnation, and they think they should see multiple expansion. and -- >> mularket stagnation or econoc stagnation? >> the market's not stagnating up 17% year to date, is it? >> but it's stagnated for a decade. that might be where these guys are going. it's not that difficult to make a call at 1900 when you look at ten years ago we were at 1600. it's not that big on an annualized basis over a decade. but what i would say is from the growth perspective, you know, i follow emerging markets and i'm looking at mexico which printed a gdp of 1.2 on friday. brazil's 1 1/2. russia's at 1.3. the rest of the world is actually growing slower than we are and capital is not as free in these places as it used to be. one of the things that we're seeing is despite the fact that banks i don't