The Need for Diversification in the Second Half of the Year

In order for us to get constructive on the second half of the year, it actually does need to include companies with high earnings quality. I think health care and energy have been under performance year to date. Jimmy Labenthal has done a great job with airline stocks but listening to the American Express CEO today talking about that card users are now going and dining out more than not really spending as much on hotels or travels.