wpbt >> tom: the weak retail results combined with worries about the global economic outlook to taket u.s. stocks lower. the dow fell points, the nasdaq lost 11 and the s&p 500 down three. more on those global worries, the international monetary fund today cut its growth outlook for the world economy. the lender of last resort sees the global economy growing at 3.5% this year, down slightly from its earlier view. it sees slower growth in most every major economy and little being done to fix europe's debt crisis or avoid the u.s. fiscal cliff. >> susie: so where do the markets go from here? we have two guests tonight with the outlook on stocks and bonds. we begin with john manley, chief equity strategist at wells fargo advantage funds. john, you have been saying that the markets go sideways between now and the end of the year. tell us why. >> well, i think it's just too soon for it to go up. nothing is really fixed and it's really too soon for it to go down. things have are very cheap. we know what our problems are. we know what the issues are and if we have any problems we can sort of pus