joe: we take a look at one call made by davis schall. andtive returns for s&p 500 the 10 year u.s.asury, this hasn't happened since 1969, but i believe it will happen this year. david joins us now from raleigh, north carolina. is the year playing out as you expected it? david: i think it is. i think there is this belief that stocks and bonds are going that hasnversely and been the case but since the crisis we are in on charted times. the fed has amassed a quantitative easing policy. i don't think they can necessarily be expected to continue in the future. alix: how much of the 10 year yield has to rise to have a negative return and get to the level you think? david: you're asking me math on the air. probably around nine or so. i think what i calculated was 12 basis points or so to offset the income earned but i would have to go back and check. joe: [inaudible] point, i wanted to see how negative you would have to be on the global economy and how that would be reflected. that would be what i was asking. david: i think that is the point, i'm not negative on the economy. the markets i