dick gephardt i think it goes, just the environment ripe for correction. >> at what point do you say not market neutral but actually underweight. at what point do the warning signs tip over? >> it will never happen before you invert the curve. here's the reason. any time you get a drop. so as long as it is flat or higher? >> when it takes, we're at least 2020 before we get a recession. if you follow the dot plot. you won't get it until the middle to end of 2019. your mean inversion is 15 months and you come out of the inversion over the last three cycles without a recession. so you're into 2020. i'm on the back nine. anyway, the reality is you never, ever, ever want to sell weakness in the market when you're in a positive fundamental yield curve back drop. even if it goes down to 10%, and i do it a lot. i wish i was better. the market goes down 5% and ends up 10%. the way it snaps back. when it is up 3% from the law, you say, i can't buy it here. it will retest the low. there's the downside of trying to play it. >> aren't we in a place, they have to go. you have dudley out there sayi