that we haven't had a full year of where tax have come down for american businesses. what we have had, we have seen american optimism go up on small business side. they are starting to hire a lot more. that's why you are seeing jobless claims down. that's why you are starting to see new order indexes go up. so you are seeing that companies are reinvesting in themselves as well as their people. pete: to me, that's the most important. here are all-time highs hit in the market, right? so from the dow, i think the s&p 500 we are hitting new marks. >> yeah. pete: which is an indicator. what i care about more than anything else is opportunity, wages, confidence, you are saying those things are moving -- it's not just your 401(k) it's your prospects as an employee. >> indicators are forward looking indicators. the stock market is actually forward-looking. someone is not going to buy a stock if they don't think it's going to group compared to the alternatives. we know interest rates are going up.