XL EXL C Explanation - What's Your Quick Take on Semi's?

Carter: It seems like there is a little exuberance whether it's rational or irrational what's your quick take on that and then let's talk about semi's and then some of these communication services sure I mean look recently we're all fall prey to it when the markets if the market were down exactly the amount that it's up right now. The question is this let's say we do press higher we've reached the downtrend line well defined as it is is this a setup for something big to the upside or is it really just more of the same? We'll start by looking at the smh card and then we'll look at a couple individual names but I guess the question is