Companies were shy, ... they are definitely doing more.

I would definitely agree that numbers are cleaner than they've been in several years. But a decade? I don't know.

The bottom line is that the problem has definitely gotten worse. If this goes on much longer, it's not going to be just an investor concern, it's going to be a retiree concern.

The aim of the S&P 500 is to emulate the entire market, not necessarily do better than the market. If we beat the overall market, we're not doing our job.

Cash is an asset that sits on the sideline and waits to be invested,

But the bottom line is the charge existed. It's there.