we have robert teeter with us from silvercrest and kevin caron at washington cross advisers thank you for joining us kevin, a big week for the markets generally and the economy. finally hearing what the federal reserve decided to do and it was the .75% rate hike which was expected and initially the markets moved higher yesterday, we sold off and late today with an uptick is the market not confident that the federal reserve and tools it has can cushionrb flags ankeep from sliding into recession? >> the market was asleep as far as rate expectations were concerned earlier this year. ultimately, now the market has woken up the yes question is what happens to the economy it is okay in some respects. in other respects there is a concern. you have the strong defensive line dollar and pull back in metals when you think about mortgage rates, for example, we anticipate slowing in housing. there is an effect of all of this tightening that will show up in the economy to some extent the question is if s&p earnings rollover which held up well, we expect another leg down. if not, and the fed hasn't