brian belski from bom capital markets. thanks for joining us. chris, let me kick it off with you.e know the head wind is out there and add oil prices to europe, to a slow down in the global economy. do you want it take to the side lines or put money to work in this market? >> really a little too early to put money to work. mostly likely down to the 12, 1300 level. that's consistently where flows were coming in at the beginning of the rally, somewhere around january, february of this year. with no new liquidity in the market by the central bank or federal reserve, people will slide backward here. >> good point to make. brian, what it will take to get sideline cash put to work? everybody is just trying to protect their assets rather than find some yield. >> people, we think, maria, will start putting money back into the stocks once stocks continue to go up. it is really the consistency of returns. for all intents and purposes the last couple three years have been very volatile and it is not positive enough in terms of having consistency for people to really feel about he reasset all