you are getting legitimate earning warnings, somebody like capper piller is out saying guess what, the trade war are having an impact and our guidance going forward is going to be lower. it's easy to get out now and wait it out rather than think you're going to be the person that picked up the last nickle in front of the steam roler. >> you want to weigh in? >> here's where i disagree. i share your concerns in the short term about the high yield market. the question is where are you going to go with the money? that's always the question. how we view it is you just have to expect lower return. in essence the very strong returns we've seen this year have borrowed from the future and investors have to expect lower than coupon returns probably in the next year or two. >> we've seen that through 2019. if you can bring up the high yield spread here in the united states just over the last year or so for much of the last ten months or so we've established this really tight trading range, and i say it tight. in and around 350 to 450. we get to the year to date highs. we've bounced off them, we