i want to bring in tony crescenzi from the pimco offices on the west coast.ade today mark -- did you make any trade today? tony: we are always trading. we are active managers. that's an understatement. olivia: what are you buying today? tony: you don't want to jump in fully when the water seems cold, so we are being careful about that, but we have cared for volatility, saying there could be some related to the fed. china, forrices, preparinge have been by raising cash and moving up in quality. there are golden opportunities for investors to invest in the long term. places to go. remember it's a big market. the bond market is $100 trillion in size. investors he might have been thinking and worried about the dead as it seemed there would be a rate hike in some timber, but perhaps now off the table. gettinge thinking of out of the bond market and there was one week about was. way of market timing the bond market and saying they were taking risks. this week, that diversification benefit is so evident. time bondto market investments. stay invested even as the fed