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Now let's focus on what the people want us to do. >> the assumption is that the democrats will let them move this trouble over here and get on with the trump plan. steve: this is what the democrats have been calling for. they got what they wished for. >> let me tell you what the market judgment is this morning, not yesterday, this morning. we are going to open up with another 100 point lost for the dow industrials in about two hours' time. we're going down again this morning. that means the market does not believe that you can shift this trouble to the side and we just get on with the trump ag...

You also mentioned earlier with the fact that markets while recovering are not at the highs of 2007. but s&p is up 130% from the fiscal crisis in 2009. it seems to be some kind of market judgment that cyprus is a small economy, that europe's problems and the problems around the world as well as unemployment won't hit the bottom line of these corporations. do you think that is irrational exuberance on wall street right now? >> i think it is too early to tell where we are. so there has certainly been a positive run-up. i think it was largely due to a number of factors. we've had expansion in mon...