The High Yield Spread, Is It a Good Thing?

Kathy, we were talking earlier about marco kalanovic being an uber bull and moving to being just a bull when it comes to risk assids. And he has bold call on credit, saying that that is not pricing in as much risk right now as stocks. Would you agree with that? Oh, well, i don't do stocks, so i i can't compare the two. But i will say i think credit still has some aways to go in terms of pricing anda recessionary ditions for a further deterioration in a credit quality and credit performance both domestically and globally.