end of the day we are a stockpicking firm. >> for the investor it does not gary: we are back with doug haynes, ms. kroft: , and mike cahill. gary: tell me about your thoughts on point72 and the market. mr. haynes: we have a lot of different investment strategies but at the end of the day we are we don' t need to go up or down that said, we think the economy is in an unusual place. there has always been a real divide between the consumer driven portion of the u.s. economy and the main faction of the different forces. our view at the consumer driven piece, it looks pretty healthy. on the manufacturing side with the strong dollar, with some of the oil related investment, manufacturing side looks pretty tough. gary: in terms of the markets, the volatility that you talk about, being able to navigate, has it been surprising how volatile this has been? h i would -- i would have to say that we did not see that coming. gary: how do you see the world right now? mr. haynes: we see things weakening a fair amount and we our industrial contacts , manufacturing, energy, i think it is a challenge. and our fe