bob doll, nuveen, with us on the phone. what is the big problem, bob? reserve and interest rates or is it china trade? >> yes. meaning all of the above. it's not so simple as just one issue, as you well know, stuart. the slowing economy, especially overseas, both related to trade and otherwise, the trade issue, the uncertainty that comes from it, and yes, the interest rates moving down so much, the inverted yield curve made so much of yesterday, i don't want to minimize it, that was for a couple of hours. it's back to modestly positive but it's been flat for some time and that generally signals an economy that's weakening which brings the fed back into the equation. look, if the fed had to do it over again, i don't think they would have raised rates in the fourth quarter. they have lowered them 25 so we are kind of even to where they want to be. the curve's moved below them. the pressure's on them to do some more. 25 basis points for the next meeting, if the market's right and there's more bad news, they could do something interim. stuart: you think we