ken heebner and bob doel, good to have both of you with us.ou got to hear the statement and at least the analysis of the folks that we had on. let's go to you first, ken. does this in and of itself, what they are doing, modestly upgrading the economic forecast saying rate cuts are off the table, does this make you more or less excited about stocks? >> they are starting to see the signs of the turning economy. the new order index for the month of july was 55, a very strong sign for manufacturing. we're now producing far below the level of which we consume. it is very evident in the automobile industry, scrapping cars at the rate of 13 million and only sell teg rate of 10 million. taking the sales level back to the level of which cars are being scrapped would be a big increase in sales, you're seeing this with inventories coming down to low levels, the cash for clunkers is a stimulant, but i think you'll see a pretty sharp rise in business activity sooner rather than later. that's going to bring increased jobs and increased spending. there's a b