throw out something that we just worked on team technicals at cornerstone from a statistician jillian tarro. consider the following in the month of august we've made ten new intraday highs in the s&p. that has not happened since august of 1987 and the record number of intraday highs in the front of august is 11 and that was in 1929 do analogs always play out and does this have to be 1987 or 1929, of course not. but these are the things that start to register when you're having a conversation about the "p" word protection, how to take measures in the event of a market draw down seasonally this is the worst period of year we do know that the august, september, october, three month period of all rolling three month periods is the only one that is negative 1928 to present. >> wow well, i am no financial historian, but you know what happened in 1929 and 1987. so if you think another "p" word, pullback is coming, mike has a way to use options to take some cover mike >> yeah, so i think one way that one could consider hedging some of your exposure and really what i'm talking about is hedging a pot