liz: that is technical term, yadi yada. dave, would you go into big names? or start to go into smaller ecosystem type of names, suppliers to apple or perhaps, smaller graphic chips? >> well, i mean certainly this market has been large cap bias to a historic degree. it is worth looking down into the mid-cap, small-cap growth boxes. historically those boxes don't tend to do very well. they tend to be overvalued with the hype that surrounds smaller names. at this point in the cycle, in the u.s. you really only one win way, which is the earnings rise. by the way i think this market is looking past 2020 into 2021. if the world holds up, you see earnings growth, at least analysts do of 20% between now and then. that is upward bias in the market i think. if you believe there is an economic recovery afoot, you know, barring the coronavirus, then, yeah you want to move down the cap spectrum, whether in the small-cap growth box, or not. i don't know, it had a great year last year. [closing bell rings] liz: david waddle, president of waddell and associates. the dow, to