let's bring in elizabeth burton of goldman sachs. you. >> good to see you. >> so, we have, as wesaid, the nasdaq down 8%. global indexes down at least 6% or 7%. also bonds are off. we know that to say the least. where does that leave you in terms of figuring out where some opportunities have been created and where there's a better risk/reward. >> what's interesting is we just completed our annual global private alternative investment survey at goldman sachs. it's available on our website. we found that investors are becoming more constructive on the markets with at least 90% of them thinking the markets are stabilizing or improving over the last year. what's also interesting is in that same report they think that private markets, private equity can be expensive while public equity is expensive. they see public real estate as somewhat cheaper. does that fit with how you're viewing the world or how you at the firm would suggest you should position? >> i think there are some differences. one interesting thing from the report is that inv