to bring in an extra voice, the partner from rayfield joins me. first of all, what do you make of this? >> it is a normal reaction. you have investors, the general public in the politics which are different voices. we knew that today would be a day where this is once in a blue moon, historic number. the best number ever on banking. we know where that comes from. combined with drama. that has been highlighted to a different extent. the good news is, stabilization came in the market seems to the risk what was out there and was potentially which still had some hidden dead bodies in the cupboard. this seems not to be the case. that seems to be under control and i think investors reacted positively. >> a couple weeks ago ubs said they will not lean on the government anymore. that gave the initial boost but they said they will not go down that road. some people say it gave them cover to keep the swiss bank because it removes political interference >> it gave them the freeway to do what they want. it can be in the public channels at that is the case. tha