lisa hornby came on the program for months and i continued to give her a hard time about short btp's.it suddenly paid off. let's talk about the trade and what you did that tuesday when things blue up. -- blew up. andrew: lisa did a great job and withstood a lot of pressure from you and internally. it shows the reaction last tuesday, coming off of a holiday weekend, shows you how fickle and over positioned markets are. we cut position on tuesday. we are looking to reinstate it on the basis that you had headlines, but fundamentally, it is a deteriorating story. the only way to justify in my opinion any yields in europe is qe. as you said in the lead before, we think qe is going away in europe pretty soon. on that basis, with liquidity withdrawn in the u.s. and europe, sell it. jonathan: have you got an idea of where you would like to reenter, or the curve, if you're looking to do it, what are you looking at? andrew: if we had a time machine, we would have covered it on tuesday and sold on wednesday. we are looking for some kind of relief rally. we feel high-yield credit and investment c