A very warm welcome to bloomberg daybreak europe. It is our flagship morning show in london. Im manus cranny. We have a great show for you today. We have a couple very interesting conversations and these gentlemen will join us. At 6 30, we speak to the ceo of allied irish bank about the companys ipo, which seems to have gone so far, so well. And then we will be speaking to colum eastwood, getting his reaction to the deal done between the tories and the d. U. P. Welcome to daybreak and the markets. It comes to talking about bullishness, have a look at this. Chart number 461, just closing in the green. But there is an uneasiness in the market. The citigroup sentiment indicator. When it is in the bearishness, it is in the red. This indicator shows the growing divorce between bearishness and where the s p is. That gap is widening. Being in the s p is not the most crowded trade in the world. The net long valuations are pretty close to neutral. They raised their cash allocation. Those are th