joining us now is bill nygren. he has approximately $22 billion in assets under management. er boockvar. bill, good to see you this morning. many people are asking this question especially if they have losses in bonds are or are worried about what might happen there. am i supposed to jump in at record highs? >> thanks for having me, kelly. i think it's really hard to time the stock market. and our advice to look at the target allocations and rebalance. if somebody was smart enough after brexit when the market was down a lot lower to have rebalanced and gotten to their target -- then they probably should be trimming. but that's not the situation most investors are in. most investors haven't gotten back to the levels that they would have had in the early 2000s. so i don't think it's too late for most investors to get in. >> i'm glad you put it that way, but it raises a related question which is what is the right mix. i know that's specific for every single person, but there's a lot of people, you know, if you think of the baby boomer generation who has been pushed into bonds. a