if the politics plays out the wrong way jerry corbin gets in mix, then you could see a downside. it's so -- it could go either but it's not so binary. it's not something i want to play the beauty of the pound you mentioned was one way bet. it's either flat or we're going to make 15% or 20%. this is not so appealing. lose 10%.ke 10% or i can't figure out what it is. goes the wrong way. andhere's a hard brexit becomes strong contender to succeed theresa may as prime minster. do you see the pound dropping through that post-brexit vote of 118? >> possible. i don't know. possible. >> stan druckenmiller was asked why he sees this markets going years.next few take a listen. think the air can be let out of this balloon without another financial crisis. i think it's possible. it's hard to believe at least will not have struggling returns the next three to five years. >> possible but how difficult? >> oh, very difficult, which is why i didn't like the so called policy of 2e3 to escape velocity in the first place >> so possible, difficult and poor returns? how poor? could see the s&p return