>> one thing about the stack market and the bottom market is the fact that not only is the tax reform bill going to increase the budget deficit, but so will this budget deficit signed by the house and the president. we're going to start to see $1 trillion a year deficits at a time when the feds are raising rates, when the feds are no longer buying bonds like it has over the last 100 years, and that's an environment that could be a deficit for the economy. and when the feds had to do what they did, it's no longer in a position to do what it did and can't even try with deficits this large. >> when the president said it was good news and had good reactions, we know when strong unemployment reports come in and employment goes up and wages go up, we know the stock market doesn't always reacts to that because great news for wage earners is not always great news for investors. >> if we're at a time when the economy domestically and