jack hough of "barron's," tony sayeg, political strategist and fox news contributor.harlie, what do you think of the big selloff. >> i think, what was that all about? >> celebrating the selloff. melissa: strong. >> did you predict this selloff? >> no, no, i did not. >> that is what i do take a victory lap. >> you any given day you can't tell. >> what do you mean by that? >> pour over the next five years. stock market is little pricey. melissa: you think it is downhill from here? >> i think returns will be below average. pointless to predict a crash. i don't see anything like that coming but i think returns will be below double-digit returns. >> whoever how long? >> five years. >> listen i think that might be true over five years. if you're investing over the next year or so you have to like the interest rate environment for this reason and this reason only. if they raise rates i'm not saying we won't have some indigestion shun here and there rates will be at historic levels, almost no inflation. hard to get return out of a bond. what do you do? you buy apple. hate to

tony sayeg. peter brookes from the heritage foundation.mer deputy secretary of defense under president george w. bush. thanks tore joining us. ric, you were longest serving spokesman for the u.s. in history. does this stuff go on at u.n.? >> goes on all the time. rule is you can't get talk doing it. let's face it everybody does it. the worst offenders, germans when they get caught always like they have never done it before. so the -- melissa: you read this morning. absolutely i believe this is the case. do you then believe supposedly handed off to members of congress? peter, maybe i throw this one out to you. speaker john boehner saying he was shocked to read these reports. he doesn't know anything about it. do you believe that? >> it is very possible. you know, i worked on the hill for a number of years. i was republican staffer when the clinton administration was in office and we had a lot of hard time getting them to come clean on issues related to the north korean nuclear agreement. so this is that sort of tension that exists within th