Good winks morning, welcome to squawk alley, cart qui ca quintanilla with jon fortt stocks off the lows, down triple digits a few moments ago on the session. Watching to see if this dip gets bought in the middle of the day. For that lets get to bob. Still down, off the lows, s p up 10 points from the open lets look at the sector, still defensive but moving to the upside banks a big down open but you can see they have moved in positive territory, telecom only sector on the upid. Cyclicals on the weak side weve been talking about slowdown in the Global Markets in the last six or seven trading sessions europe on the downside, stock 600, s p of europe nikkei, s p down 1 since november 6th russell 2,000. Weve been talking about high yield always weak point. We asked our friends what happens when high yields declines 4 in a month were not down there that far yet. The high yield index, those etfs declined 4 . Usually follows them about were not there yet. This is a good indication high yield