does that inform you on getting back to the pre-lehman call ed yardeni suggested? >> the market is past that and also a function of safety. basically, the market has said is history, let's deal with the future. >> what about financials? people are getting cold feet. we had dick bove on last night, no profits in the second half of the year. what is the technical call on financials? they had the second best run-up. >> in this market, all the historical things aren't holding true when it comes to sectors. everyone is talking about financials. they more than doubled. in the average bull market the last 30 years, financials are only up 10% in the first 100 day days. >> just to interrupt, we're putting it up here, financial rally strength. that's running well above the average the prior six. you don't buy the pullback in financials? >> i do not. i think they may stall but don't forget we stalled a couple weeks ago before we went higher starting july 10th. >> go ahead, ed. >> what everybody forgets april 2nd the financial accounting standards board got rid of that ridicul

good to see you, as always, ed yardeni. >>> let's take a very quick look at shares of aig.you want to take a look at the bid/ask in the premarket. company coming in with earnings of $2 .30 a share versus $1.67 the street was looking at. now there's a press release out from the company at this point. they're continuing to talk about how they will see continued volatility in results in the coming quarters due in part to some accounting charges related to restructuring. they also talk about how they continue to have many businesses. they're in discussions right now with potential buyers for a number of its other businesses. and the ceo says that reductions in net realized capital losses, positive valuation changes on changes interest helped in the second quarter. we'll keep an eye on this and tell you what happened. the company saying aig, performance trend stabilized from the first quarter. >>> if you have any comments or questions about anything else you see here on "squawk," go ahead and e-mail us at squawk@cnbc.com. when we return, skip the pocket protecters, the nation's