and that xlk includes companies like apple, ibm, microsoft, google, intel and sysco. >> all certainly household names. how about industrials. they have been kind of the market leaders and laggards as of late and we've seen a nice rally off that october low. >> right. and they were a bad performer last year during the correction phase and the stocks would be ge, united parcel, utx cat, 3m and deere. >> are you not afraid of international exposure there at all, are you. >> no, not really. because i think the group has corrected so much that it discounted a lot of that. >> finally here in fixed income we talked about credit ratings but you are not afraid of bad credit ratings, junk, jnk the etf that focus on the high yield, is it protected. >> yeah, high yield does well in an environment of 2 to 3%, real gdp growth we foresee and i think the default rate will be low because we don't see a recession for the next couple of years. and it's yielding jnk about 7% now. corrected quite a bit last year and that's a very good yield. >> three times what the government bonds are yielding. let's loo