scott meinhard worry -- warning about -- >> look at the amount of leverage in corporate america and whereare today. you are definitely inflating a bubble here in credit. sam, and guy all still with us. i am looking at yields and bond yields are near the lowest ever. certainly if you look at the top tier of junk bonds. is this looking -- >> spread can remain tight for a long time. they spend most of their time in the bottom quartile of the tightness and every now and again explode higher based on outside catalyst. they are probably going to remain here. pretty lousy risk reward proposition. particularly if you are an liquidr in less properties. creditwould agree that spreads are historically tight. there are some concerns and corporate credit that scott pointed out. some of those fundamentals from a high level appeared to be a can -- concern. it is worth noting, going back to 2019 triple b corporate swear one of the most since -- disdained. it fueled an excellent year for triple b corporate's. the balance sheet expansion is helping those asset classes. this is on market participants to loo