you know locked answer it more succinctly, a guy like a chris harvey, who might as well be the fourthgining brother. >> do you want to answer >> no, welcome chris harvey, wells fargo head of securities strategy is he great? >> he's outstanding. >> i feel more negative that positivity what about you >> what as low volatility don't since september? it's outperformed by 13%, 14%. what did it do in 2008 it's outperformed. >> what happens six months out from the summer of 2007. equity market was down 3%, the fed made an emergency cut, and barnes sterns was about to go belly up s&p up 25%, the fed perhaps cutting, and oh, by the way, the bank industry test, and bank balance sheets you quite, quite strong. >> we're not trying to equate. whether the banking system is stronger today than in '07, what does that have to do -- >> the point being that we're in a better situation. >> a lot of people are saying recession, recession, recession. now does the market -- only because the banks are better capitalized? >> absolutely. yes, i assume it's rolling over. payrolls don't look great. all of that i