conversation, ubs portfolio wealth manager. jim, what do you think here? it has been a wild run. >> it has been a wild run. we should expect a wild run. january was up 7%. that is a gigantic move in one month. the angle of ascent is straight up. you expect the market to pullback, given we haven't had five% pullback in 19 months. we had second longest run ever for a 3% pull back. the market was due for a pullback. a lot of money flying into the market in january. this is probably panicking buying and now we're probably seeing some panicky selling. brac to the economy, we're in pretty good shape. ism number was 10-year new high. new order at new high. manufacturing orders, three-year highs, not only in the u.s. but around the world. japan had good purchasing manage ires index numbers, so is china. we're seeing strong global economy. very strong u.s. economy. we expect gdp to be somewhere between 2.7 to 3% this year. trish: jamie, you're light on that. jamie dimon is saying 4%. fed is saying 5.4% in first three months of the year alone? >> i'm talking about after inflation. you add the in