Its the naz dock that certainly seems to be the worst today. Joining us for the hour to discuss all of it is josh brown. Joe, john, and pete, we begin today though with a man whose memo was the talk of wall street recently a memo warning investors that the level of risk in the market may be getting dangerously high. Howard marks is the cochairman, hes with us live today at post nine and we are very happy, sir, to welcome you to our program today, thanks for being here thank you, scott, glad to be here this was the talk of wall street we spent a lot of time on our program diving into what you wrote. What prompted you to do this now . I just accumulate things all the time i read about this, i read about that, hear about that, come across this fact, and eventually, they accrue until theres enough to make to have meaning you know, its funny, the stock guys say oh, you know, everything looks good. This can continue. Its the credit guys who raise the flags. Im wondering whats going on with t