for more we're joined by rick gardner, ceo of rick gardner and associates in north carolina. federal reserve have to deliver today to prevent a market selloff? >> well, you know, that's an interesting way of putting it. i think we're probably going to see coming out of the fed more -- or an extension of the operation twist. you know, i know there's a lot of talk of qe3 and i think that could be what's pushed our markets up. i think you have to be really, really careful right now and very deliberate in the decisions you're making in the market because it's -- it's very hard to trade monetary policy. that's something we've kind of been trapped into for the last several years. it does make things difficult coming into days like today. >> what are you doing with client money at this point? how much is in cash versus stocks and bonds? >> well, you know, you want to have some dry powder to take advantage of opportunities. i was on in march, one of the things we were looking for was a pull back. we saw that. in fact, it came a little more significantly than we were even expecting. a