still with us, david stubbs. is it time now to be putting your money under the bed or under the mattress? david s.: no, absolutely not. unfortunately we see a lot of clients holding a vast amount of cash, unwilling to invest that. we certainly think there are still some opportunities, even in a slow-growing world, to find sectors with some growth. we see that in technology and health care and parts of the chinese consumer story. becausesee that just asset classes are close to valuation averages, there are alternatives to generate yield. and even if you have a pessimistic view about where we are heading in the cycle, cash may not be the best way to protect against that. we would advocate reinforcing portfolios which are long equities with a collection of other instruments that are going to help out if the world does take a turn for the worse. we like a little bit of gold, but not too much. and then a series of derivative strategies to provide some participation in some of these key themes and names you want to hol