welly has a way again of folks to show up. you know? he attended the american conserve torrey theater in san francisco and went on to appear on the big screen and the big stage. give a big warm welcome for the great amazing delroy lindo. can everybody hear me? >> i have to say that after agreeing to be here this afternoon, a few or some short time after i was sent a schedule, and on the schedule, i saw that i had ten minutes from my keynote address. and then, some while later, they sent me another schedule and i had 15 minutes, and then, they sent me another schedule and i had 20 minutes. and i get here this afternoon, and they give the brother ten minutes. >> so, now, i got something to show you all. this is the speech that i brought when i had 20 minutes. so now you all are going to have to sit here and listen to this. so, so when crista asked me to do this, to be keynote for this address, i asked her immediately and i entered emphatically yes, i would do it, truth be told. i was not sure quite why i was answering so quickly and so em

. >> tell us the thinking with welli in s far go. long-term, you think it's a good buy? >> long-term, everyone is worried about the short-term mortgage banking numbers as you talk about. that was 19 of the 20 questions on the wells fargo call was about it. if you think in the bigger picture. rising home prices and we are seeing a strong market this spring. are a good thing for banks. credit quality is better ant the en of the darks higher home prices mean people will borrow more money. >> bank stocks have been rallying since december. is this the end of the roally? >> i think home prices are a good backdrop for it. but the ten year bond yield has come down, that is tough for the banks inity short-term. over the next year, we think there will be background because of the home prices. >> any disclosure? you own any of them? >> no. i don't. >> we will leave it there. thank you for coming on. rector of research. >> thank you. >> well, besides the disappointing bank reports, discouraging news about the consumer also weighed on the markets today. retail sales fell in march. an