now, lance roberts, welcome to "the kudlow report," why are you so keen on assets.old, energy, real estate? you sound like you're expecting, what, a 15% or 20% inflation or the end of the world or what? >> no, not at all actually. and i agree with your guest. this initial correction, something we wrote about yesterday, is probably going to -- probably already reached most of the correction part here. as we get into the summer, the issue will be different as we start to run out of a lot of liquidity issues from the ltos and ecb fundings, and the quantitative easing programs out of the fed. that liquidity dryout may lead to a further correction this summer. what we're talking about is part of your overall portfolio, fixed income in the portfolio to protect principal, you need to have issues with stocks, need to be in your portfolio, but as part as overall allocation things that produce income and have an underlying asset. oil and gas, real estate, gold, these things have a value that regardless of what the market does, they have a long-term value and should be part of