neel kashkari join us on the fast line. >> great to be here. sorry i'm not there in person. >> oh, no, put up your picture, neil, the meantime, wondering, this market selloff, all about obama being re-elected? >> two things, i think, number one, the election put a giant magnifying glass on the disfunction in washington and the huge differences between republicans and democrats and yes, we have known about that for a long time but we have also all been focused on the election, now that the election is behind us, all drilled into how far apart republicans and democrats are. and europe as well flaring back up again and people realizing the european debt crisis realize they are far from over that is caution the selloff today, our expectation is that volatility will be high for the remainder of the year until the fiscal cliff is behind us. maybe by the end of the year, that may take longer and so i think we are being very cautious right now. >> how do you weigh the risk to the downside of selling because of fear of changes in tax policy and the pote