The same as wall street saw the two previous market peaks, september and may. The pricetoearnings ratio below 17 for the next 12 months. Right now ahead of what could be a couple of fed rate cuts and a trade deal still in the works with china, is the market still a value trade or a value trap . Who is that dion warwick it is dionne warwick. Like that wasnt on in your car on the way over. I love that sothebys stuff. Deja vu my voice, i apologize to the people at home i know you think you know me, and you say, absolutely, value trapped in terms of the s p and you know what, mel youd be wrong wrong wrong, i think its a value trade. I think its 17 times for ward earnings and in this low Interest Rate environment the market is not expensive and it will not sell off because because of other reasons and theyre right at the top and the fact that maybe the fed will disappoint or maybe there is no china deal or maybe this situation with iran gets worse and the mark has a lot of reason to sell of