we need to complete drop-downs of assets to etp. we need to clean this thing up.a reason that we got complicated. i would not reverse any of that. none of it. however, now that we have time to take a breather i think you will see energy transfer equity, energy transfer partners, regency. this sounds weird. sunoco, you will see the story get simplified over time. >> one thing i saw in the most recent announcement was a change. i felt when you were on last you might have to issue equity which i'm not against. they have been great buying opportunities. it seemed in your last announcement it looked like you don't need to raise capital because of the different deals you have done and the structure itself is ready once it's simplified. >> you know, the growth that we are experiencing now is huge. we are between now and the first quarter of 2013 spending between $2 billion and $2.5 billion if quality, quality pipeline projects. so, yes, sure. we need equity. that's part of what we do. however we sold our propane company. that was -- we think, a positive move for holders.

in terms of etp holding or exchange traded product, those holdings in the silver market are the strongestsince september. that lets you know it is not retail investors or people who hold etfs that are liquidating their positions. >> >> welcome, kenny. good to see you. >> i'm sick of talking about europe. snowy we have to. let's talk about two things looming. one, the end of the quarter and possible window dressing. how do you play that? sn>> i suspect a push higher b the end of the month. portfolio managers want to dress it up and look the best it can when statements go out. don't be surprised if you see this push higher. >> you want to fade that rally? want to sell it? >> i do. for me, i think it will be weaker into the summer and the position we have to take. as a long term investor, i think you have to pick your spots in the weakness. >> we have started to see earnings warnings last week. the one that sticks out to me was procter & gamble. we will start getting earnings next week or week after. >> we had 50 or 55 pre-announcements all below the announcements, they kill the stock ahead