he holds court at wells fargo and we are filled mike schumacher -- we are thrilled mike schumacher couldquities of foundational belief and a recovery in three years, is that the core foundation of equity ownership? mike: the core foundation is simple, it is the central banks have your back. when the fed came in in march and announced program after program, just about every day there was something new, they made it clear they were taking out awful scenarios. that is why we think the risk assets have done so well. on top of that you have the fed and various central banks buying corporate bonds. that is the push. it is not the long-term economic view. tom: will that push continue? central banksget that leak promised to stay on hold a long time as the fed has done and richard clara emphasized a few minutes ago. when you think about additional policies, it is difficult to see a lot of incremental work. the fed could buy more bonds, maybe that happens. the fed could make promises to , butrates low even longer in terms of something radically new, it is hard to see where that would come from. li