we've got mark tepir, john heiler and steve grasso from stewart frankel. steve grasso, what's the message of the market today? why a rally when larry summers, the day after he pulls himself out of the running for the fed chairmanship. >> originally when we first heard his name as the front runner, the market gave back a percentage point so i'm not shocked at all to see that percentage point come back in, sort of telegraphed, i would assume. >> because he was expected to be more aggressive in tapering and removing the morphine from the market? is that what the market's fear was? >> i think that's the case. there was no hawk in this fight. but he was perceived to be the most hawkish amongst the doves and i would guess that was the case. >> so i wonder if this holds true, mark, when you look at a market rallying going into tomorrow's two-day fed meeting, would you say the likelihood of a tapering has now calmed down? >> no, no, no, no. we still do think that we're looking at a taper really at the end of the meeting in the vicinity of probably 10 to $15 billio