. >>> joind now by cary craig.g is this a natural pull back we're seeing. >> i think this is a natural reaction from what we've seen the last few years. they announce and sit back and wait for the market to react. i think people tend to focus on what's happening around the world whether the u.s. earnings, the direction of the euro, the dollar and rely back on fundamentals and that really hasn't changed. we're still in a period seeing a lot of volatility and still concerns about the pace of global growth. i think things are getting better just not as fast as we would like them. >> one thing did happen that was different from the previous meetings. we got more information on the corporate bond purchase program there. given the flows we've already seen into the corporate credit is this going to have any difference? >> the biggest take away was the size of whew they could actually purchase. and that really saw a lot of analysts reestimate what they thought the size of the bond market actually could buy. so about 5 bill