david: joining us for fox business exclusive, our friend len tannenbaum fifth street management.ways for coming in. you expect this year to be flat in terms of the stock market. a lot of people do. but you think a flat market is what you do. explain. >> for lenders it is simple we don't want it to go up to fast because it gets very frothy and prices are irrational. we don't want to it to go down too fast because companies are in trouble. liz: who are you lending to? what types of companies are coming to you? >> we're lending to just about every type of middle market companies. middle market, start thinking about from 10 million in earnings up to 50 or off million in earnings. we lend to 130 companies. liz: what type of rate? >> average size loan is 25 million but we primarily lend to private equity firms. we have 4 1/2 billion dollars of assets now that we're lending what we do is help these middle market companies grow but giving them debt financing. david: small and mid-sized caps have had a tough time last couple months. we've seen the russell 2000 go way down. going against t

len, fascinating discussion. thanks for joining us. come back again soon. >> thank you for having me. >>> to the bond market, rick santelli tracking the action. >> it's very interesting to following mr. tannenbaum, because the world talks as if it's aa fait accompli. >>> it isn't an interest rate story, it's an equity story. always been an equity story the first five years of the year rates are going up. look what i ratchet up with the dow. rates are going back to the 2 and 5 eray. and yes, dudley's comments added to it. >> they're nervous about equities. it's a holiday week. the last chart, another reason they're nervous about ecity. fighting for its life. 14,000, in the states it's so much easier. just watch, 3921 and the nasdaq. that's what you want to watch. trust me, back to you. >> absolutely, you are right. you got a chuckle out of all of us, lassie could have barked and they wouldn't have paid attention anyway. all right. thank you very much. ty, you have to hit the road? >> yeah, i'm going to d.c. for the annual conference, i'll be reporting there all day tomorrow. these folks, stu, are the steward of your mutual fund money, your etf money. 13 trillion dollars in all, and we'll talk wi