. >> we're seeing two of your notes, how was that actiuction? >> it was very boring, 60% was taken by dealers, and it makes these a little more difficult than they used to be. >> we were just talking before we went on the air here, this is a very headline driven market right now, it must be exhausting for money managers right now. >> we're going crazy. my hair was push black about two years ago. it's very difficult and it is headline by headline. and this downgrade with the german bonds is really the event, and the downgrade comes later on. we're poised for anything to happen. >> if we can see an exit by some of the weakest member states, maybe it would be better for the ret rating in france and germany. but in terms of the equity market there would be a huge knee jerk reaction. >> any way we can get clarity is a good thing. if the countries exist and we get austerity measures, anything we can do different than what we have right now is a good thing as long as it's moving toward the positive. >> and you will not get much clarity on thursday. you