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Joining us now is the close markets the Global Market strategist at nova scotia nov esco. Where are you now on that call given that a lot of people are starting to say, it is a bull market and we may have to live with that and perhaps we can look elsewhere. Are you looking elsewhere are you looking elsewhere . The market is broadening and moving into value valuable parts of the market so it is not just the very narrow market that you saw in march or may, you are getting a sign from markets that this is healthier and there is more participants and so far, the earnings for the Value Oriented Companies have been good . Jon is he getting less bad or is the outlook for the markets improving . Things are moderating and that is what you would expect in this part of the cycle but what involved but a lot of investors missed is that the market priced this last year. 11 months ....