jack caffrey. zain brown. kelly is going to be with us all hour today and tomorrow increasing the southern quotient by 33%. >> mandy is on vacation. >> no. stuck at newark airport due to lousy infrastructure. do you think qe-3 remains in any fashion still on the table? >> i think you listen to what the fed has said. they have been very consistent. they are going to remain helpful. you are raising the stakes under which you actually need to see real weakness in order for the fed to come along and be helpful. effectively it would be i need to see bad news before i start thinking about the cavalry coming to the rescue in that regard. >> but should investors who are hoping and betting on another round, right, they bought stocks because they think that the rising fed tide will lift their boats as well, should they eliminate that from their possibility or is it still a chance? >> i think there's a chance, certainly. but i think investors are paying a bit more attention to what's going on with earnings. they've been