as we go to break, reminder, european equity markets even stevens between advancers and decliners. >>> lloydes a long way ahead for the fed stimulus effort. speaking in sydney, he said fed policy is likely to be very, very easy for a very long time. >> are there risks? listen, i'm telling you what i think will happen, but i don't run our business on the basis of what i think, and i certainly try to discipline myself not to run it on the basis of what we hope. contingency plan, we worry as much as everybody else and we have long meetings where we think of low probability, bad events that might happen and what we do about it, but when i think is, it most likely all works through, but not without anxiety along the way. >> meanwhile, blank fine says u.s. growth is established but not great. europe recovery is somewhat behind the u.s. and china is the big wild card because of uncertainty over how the new leadership there will manage the economy. how is all of this impacting smaller business? joining us is joe myer, the ceo of myer capital. good to see you. thank you very much, indeed. >> thank yo