>> mike holland, let me bring you in here. equity investors late in the day sold off, will ask questions later here. is that the right tack? is this a sign of something really breaking down or is this a sign of public posturing? >> well to go to your first question ty i believe that shoot first and ask questions later is what this market is doing now and has been doing for the last few months. and when it finds something negative to talk about, it's selling things immediately. from people i know including michelle's description, great description of what's going on there, this is not a game-breaker and not a huge surprise. mario draghi met with the finance minister. the market has been expecting this and yet it's important to note the european market is up 8.5% year-to-date. the s&p here as you know better than i, is down a little bit. so people are not all that worried about greece right now, but it's a great excuse to shoot first and ask questions later. i truly believe at the end of this process, as the greek prime minister

mike holland, chairman of holland and company -- with prince and securities group. you do agree? >> he is a bad person to vote against. i think, mandy, i remember in 2008 he pretty much called the bottom. he has been very successful. he is actually reflecting what the markets are saying. the greek markets went down. the rest of the world, including asia, says it's not -- if his -- i think within his comments was a 4% decline at the worst. if greece exited which people don't expect it's said that. >> here's the thing. if you take a look at the european markets performance over the past month, all of them with a notable exception of switzerland, because of the franc, they are significantly higher. greece is one of the best performing stock markets over the past month. it feels like the european stock markets are not only just taking this in their stride but they are not concerned at all. >> greece is just a one-off, if you will. if you live greece as it is. i think greece will and should exit the european union. i think we will see that happen. you have politicians working in the f