we have jack mcintyre as well, brandywine global portfolio manager. carol, you always want to see the pent-up appetite for new offerings. i get that. i start worrying, saying are you telling me this concern founded what, a little more than a decade ago is going to be worth $100 billion? i start getting worried. should i? >> i think it's crazy. i mean this is somewhere around the 435th ipo this year. at the same point last year we were like 225. almost double the amount of ipos in a year where you've got half of the economy that is completely struggling. you've got small businesses closing. it just goes to show the disconnect between wall street and main street. a couple weeks ago -- team out with a report said if the fed had not intervened at the levels that it had, that it expected that the s&p and the nasdaq would be probably around half the levels that they're at now. so we have this artificial intervention that has been propping up all kinds of asset prices, including equity. now you have got these companies, whether it be doordash, whether it be