i want people to step back it's like a george bailey moment in "it's a wonderful life. is pain is already in the marketplace. we're priced for 15 to 20% defaults that didn't happen in 2008 despite what people are talking about right now, it's not going to happen this time. you have $12 trillion coming into the market from the government just the reason why the market is doing well, you have injected $1.4 trillion of balance sheet capital. they're moving at a 14.5 times faster clip to repair the markets this time than they did in 2008. for those reasons, somebody that studies this stuff, if you look at historical spreads, if they just tighten a little, you'll see a real spring in those securities i'm really cautioning people to hold the line here do not sell in a pandemic because what happens is you get out on the bid side. the bids are very sloppy when the market firms up you'll be regretting those sales. >> i want to make sure people understand what your business does we talk about funds to funds all the time the audience of people watching now is great because people