this past fourth quarter making 8 billion is the estimate from thompson reuters. a big rebound but is this sustainable with those headwinds? >> the challenge isn't so much sustainable. we think it's sustainable. the issue is growth. can these big giant trillion dollar banks grow as we move forward. we think there's some opportunities but overall for the economy, we're still delevering. most consumers out there want to reduce their debt load, not expand them. that may be a good thing for consumers but it's tough on bank earnings. >> tom: i want to look at the kwb bank fund that follows these banks. it has rallied nicely off the late november low. you mentioned opportunities, where are those opportunities? >> we think actually a lot of the opportunities are where what we call the capital markets or the part of the big banks that deal with investments, asset management, they deal with you know capital markets and deals. because the federal reserve is still very active pumping money into the economy. that money has to go somewhere. it's going into deals. it's going in