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Wall and mass deportations. are we to take these things seriously, something donald trump put out during the campaign and sort of stepped back a little bit. are we actually going forward with those? those are questions for general kelly. >> you look -- what's so fascinating, we're going to talk about secretary of state for a second. you look where donald trump started with john bolton and rudy giuliani. you look at homeland security where he started with a guy out of kansas who would have been a radical selection. it's remarkable where he started and ended up with general kelly. talk about a s...

They have a chance to get still if they run an hispanic guy, cruz or rubio, or the guy who's married to a mexican, that's jeb. aren't they traded away those november next-year votes to get early-contest votes? isn't that the trade-up they're making to their infamy perhaps? >> the they, i don't know who the they is. >> donald trump. here it is. as goes trump, so goes the republicans. no. here they are. show you how many of them are joining on this anti-hispanic number. in response to trump's comments about restricting birth right citizenship. on monday, bobby jindal agreed with him. he wasn't t...

>> that's a big tradeup for the democratic party and america. >> trade up? >> trade up. harry reid is majority leader in the senate and the tea party in the house, it was a disastrous combination. chuck schumer is an interesting person who not only will be better for his party, because it is going to be able to take the message to americans more. like tip o'neill, one thing he hates more is gridlock and getting nothing done. i think we're all better off now. >> i agree with almost everything there except harry reid was described as this guy -- the behind the scenes guy and harry reid was the g...

If you're going to trade up, you're short. a lot of people are not under duress. they just can't sell and are going to wait. >> i want to talk about stocks though. this is 15,000 on the dow this week. five years of a bull market, s&p up 140% since march of 2009. do you think we still have room to grow here? >> i do. everybody out there thinks they're too late to the game. typically the fifth year of a bull market, the average gain is 20%. we are om up about 3% since that fifth year began. there is a lot of upside even though we are sitting at all-time highs. you look at valuations versus 2007....

Maybe the spread between what they paid for their house and what it's still worth is still too big. they're not ready to sell yet. >> people with negative equity is probably a big part. one in four mortgage holders have negative equity. but the other part is people with low equity. people forget that when you have a home and you want to sell, you become a buyer, or a renter. rents are at very high levels. you want to buy, you have to quali qualify. maybe 10% down five years ago or ten years ago was fine, you sell it for break even, you get your 10% back. but you need 20%. so if you're going to...