ms. schmidt: our approach has been to get long.eel like going day today, trying to play the short-term is really hard. you have that fight with trying to predict events that are not necessarily related to the actual business you are invested in but are impacting it from above and taking that long-term approach. predict the isolated events and soundbites that hit out of the news. i can predict the long-term strategy and make a good estimate of what will happen to the company based on comments from management and predicting an earnings stream. let's talk about sectors. energy was the biggest loser today. i wonder if it has a good point to be some sort of insurance, given that they have relatively high dividend yields. ms. schmidt: right, energy does have relatively high dividend yields. those stocks do look really cheap. this may or may not be a good time. i think energy is still a risk set. it is going under a lot of we may need to have some passes to the economy for energy to come back. i think there has been a reversal of the high