I Think the Valuations Are Getting Stretched.

A rally that's driven by a handful of companies is not an encouraging signal. The problem is, these names that are now carrying the load, as they say, valuations are getting stretched. And i will tell yu, we talk about great quarters, microsop quarter was not great. We've seen many better quarters. Nor was the google quarter great either. But you can find quality without being in megga caps. You want some breadth and some confidence, and i don't think we're seeing that now.