How Are You Feeling About the Next 12 Months?

John, given all the things that are going on, it's always interesting times in markets. How would you encourage investors to think about the next 12 months? That's ugly. Asset prices are sufficiently high around the world that your expectation for returns has to be extremely low, or negative. I could imagine making a lot of money on the bank of ireland position, but only if the world works out the way that i just suggested. It's far from obvious that that'll happen. But as a general rule, asset prices are very, very high and bonds a telling you the expected real returns ae negative.

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