and we welcome in daniel suzuki. dan, is what you're seeing an overreaction to yields at levels we just have not seen over the years, or an understandable reaction whose income streams go out many, many years >> i think the reaction makes total sense. the reality of high multiple stocks is you're embedding a lot of growth. that means your profits are far in the future. those profits are worse less today. i think what you want to do is forget the day to day, though, assume that rates will probably be higher six months from now, 12 months from now as well, so you should be positioning for that in your portfolio, which means the volatile you're seeing here is probably not the last of it. >> so if i'm going to position for the environment that you describe here, i would assume that that would mean moving away from high multiple, high growth, high technology stocks, toward maybe some of the traditional winners in this kind of environment, like financials, like value, maybe smaller stocks. >> absolutely. tyler, if you look