katerina: of course. extremelys are cautious about the short-term but most of them are optimistic about the longer-term. this is a great time, really a perfect time to go back to basics and evaluate our liquidity. as you mentioned, we see a lot of opportunity not just in equity markets but in credit markets. specifically, we see opportunity in high-yield space, in the u.s. dollar denominated emerging market bonds. treasury and gold. perhaps evaluate the risk profiles. we asked them not to sell out but to change the structure of their portfolio. we truly don't know how long the situation is going to last. clients forepare the long-term growth that is going to come. it may take some time but we are expecting for it to happen. scarlet: as we wait to hear the results from ibm and these other companies, what will you be listening for to pull the trigger on establishing some long-term visions on the companies you are keeping an eye on? katerina: we are doing this now we are employing dollar cost averaging. we a

in katerina, the bush administration ultimately did figure that out way too late, after they fired the arabian horse association guy, heck of a job and all the rest. ultimately they brought in u.s. army general, general russell honore, just on with chris the last hour, they brought him in to actually take charge and start to clean up what had been a failed, feckless, federal mess. but by the time the general cain and started to get things in shape, for the 2,000 americans who died in that disaster, it was too late. no, that wasn't the only reason we got president obama as the successor to republican president george walker bush. george w. bush was a bad president and his presidency was full of very terrible things. in katrina, that course and desperate technical failure to take federal responsibility for a national disaster was just a different kind of bad. you know how people say you had one job. well, i mean, it's a president's job to declare a national disaster, a national emergency. but then by definition it is the president's job to get the federal government to run the response t

and finally, the heptathlon world champion katerina johnson thompson has found a way to maintain herthe heptathlon, starting with the 100 metre hurdles, over a box and a cushion which has the face andrew pozzi, fellow athlete on it. then it was the high jump onto the bed. a bit high for the dogs that one. then shotputting a sock into a draw. very neatly done. the dogs got another run out in the garden in the 200 metres around the shrubbery, before she set a personal best in the long jump, albeit on the carpet with a standing start while the kitchen and a paper aeroplane made up the javelin, and there was drama at the end of the 800 metres, as kjt claimed victory, but only after she was blocked and taken down by chorizo and bronx. but she crossed the line just there. idid but she crossed the line just there. i did enjoy that. actually, a great way if you are tiding a room, and it got to put your socks and pants like in the drawers, turn it into a shot put competition and keep active in the same time as making the room are nice and tidy. it's brilliant, so the shot put into the draw, t