welt james altshullers, and michael panzer. i'm going to called one of you mr. inventory, and one mr. armageddon. in honor of dow's 11,000, let me hear from michael panzer, and the armageddon scenario, you don't believe in the v shape and you're not believing in the 11,000 dow, are you? >> i'm certainly now. this is reminiscent of deja vu, 2007, 2000, 1987, it all looked family, larry. >> as i get my way back to the desk here, 2007, 2008 brutal, but a lot of things have changesed since then, in fairness i. mike darta, by the way, is a brilliant analyst and has talked about how the credit spreads have improved, as an important indicator that we're not headed to a catastrophe, and profits were falling back in those days, now they are rising, now before we get to the inventories, i just want to ask you, if these risk credit spreads, mike, are so darnd good, why do you believe we're going back to 2008, let's say? >> you know, they look almost as good back in the spring of 2007. i don't know if you remember that, but certainly not an ideal time for looking forward wi