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off is also bullish. we certainly have the bulls out. one stock not participating is royal caribbean. they put up a very bad quarter. interesting, target put up a good quarter. those shares are trading lower and that has to do with uncertainty around the consumer. they put up a good quarter. there are concerns about margins and will that eat into the strong sales, but will we see the consumer start to move back for discretionary spending or will it be all about the staples? to, i everyone you talk spoke to brian moynihan yesterday, he said it is all about the consumer. you are a student of the market. tell me how you tell the difference between a bull market and a bear market rally. abigail: lots of signs, and that is something that has been on my mind. it is probably too early to say this is a real bull market for the very reason that if you work to go back to this time in 1929 to 1932, the initial fall was a decline of 44% followed by a 46% rally and then what ultimately tu
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