some cash reserve, defensive shropshire, this will slow growth, alter global pricing. you referred to chicken prices. they will change in other places and a lot of other things as well. curious, why have we not seen that kind of reaction? stocks are up today. it seems very contrary to what you are saying. >> if you have a strategic view, and i track something called the , whichich we are -- vix we are familiar with, and the skew, which we are less familiar them they measure talent risk events outside of beingrm, and the vix something that is very familiar -- what did we see? we saw the spread rising. that means market agents are worried about big shocks, big volatility moves and they are paying up for the insurance, a scaled set of market agents, and i think he needs to be respected. we will find out in the next month or two, or the next week or two, volatilities are rising, alix, and they will continue to do so. >> david, you said it is hard to predict what happens in the bond market. treasuries have already defined predictions -- defied predictions. treasuries have n