cash, probablyy, gold. acent trade has been better rates for scott but you need to question that relationship and think about liquidity or than anything. acted that way, and it has come back -- it is a funding trade when the world gets uncertain people buy back yen. but the dollar may lose that mental, and if you lose the -- if you lose that status you see the dollar yield increase. jonathan: when you say liquidity i think treasuries. i need, and that is why i need treasuries, so if it is not treasuries, where am i going? where on earth am i going? are holding cash, a diversified position and waiting for volatility to pick up and you are not in duration. we talked about the 2-year note but that is relatively limited from in total return standpoint. we will be negative than other asset classes. jonathan: lori, are you comfortable holding treasuries? there is no risk mitigating assets, cash is the only thing there because we are in an environment where rates are going to go higher. the question is how quickly