however, mario dragly said we will do what it takes. i don't know what that means, but i think bold measures need to come from the ecb soon like buying bonds from spain and italy. >> what should they do. stocks, bonds or cash? >> diversification makes sense. that doesn't mean all cash. it means you need to own some equities. >> and stock markets, despite the consternation is up 10% this year, and we're only in the seventh month. i think equities need to be owned. >> all good things. senior adviser at black rock. >> tom: power is slowly returning to the half of india that lost electricity this week. the power grid took a second hit in as many days. >> grids that supply electricity to 700 million people collapsed. trapping coal miners and bringing the country to a standstill. india's energy minister blamed it on the overburdened grid. they suffered a peak power deficit that has been hurting economy. power shortages have been a drag on india's efforts to industrialized. the global recession forced the country to scale back a trillion dolla