zach karabell. and michael santelli, senior economist with yahoo finance.hael, it is business that creates jobs. it is not the federal reserve that directly creates jobs. and i just want to ask you this. you have the ism's housing, business investment orders, profits all pretty good. is this other piece, can one say that the economy is in fact doing better than most folks thought? >> it is. and i think the markets kind of got to that conclusion already. they were actually pricing in something like this and it continues today. i do think you always had the sense that in business, in the strength of the balance sheets, in the cash richness and the productivity levels of corporate america they actually had the potential energy to have this kind of run of data. i do think it's better. the question i have is a year ago at this time the trailing three-month average of job growth was 245,000. we had this good run before and we kind of backslid a little bit. i think that's why it's still a little bit wait and see but it's hard to punch holes in the numbers. >> you'

who am i going to start with here, zach karabell, playing the trend here, aren't you?ng to stay with it as long as it goes? >> well, i think this has been the trend for the of the past -- since march of 2009, certainly been the trend for the past couple of years, and i think it's the trend for good reason in that a world of low yields and modest economic growth companies are making double-digit profits, generating dividend cash for shareholders or generating actual growth in a growth-challenged world, and it's not like we're so off to the races. i don't know how many days we'll have to keep going with new all-time highs, where we say new all-time highs, but this could become a more regular story. >> what are your thoughts, michael pento? are there danger signs out there? >> one comes across my mind. from 2003 to 2004 the fed funds rate was 1%, a progenitor of the real estate market, the big bubble that crashed the entire global economy, and now we will have had zero percent feds fund rate for at least seven which the time mr. bernanke or janet yellin starts to slowly r