[0:00] ..." We just heard from CBS about foreclosures on track to hit three and a half million homeowners this year. It's outpacing itself the foreclosure rate and Mike -- in -- Miller here from. Next financial this morning we're talking about the Dow 10000 and and how. -- way things are out of -- foreclosures -- keep rising unemployment keeps rising and get the Dow is doing while what your thoughts on this foreclosure story."...

[0:27] ..." sounds really scary. The -- doesn't scare me is the fact that foreclosures two years ago once when -- a person got foreclosed on if they bought a piece of property in Florida. -- of that dollar -- and they paid 300000 dollars for it which was probably way too much. The bank foreclosed at 300 thousands of a tried debate and bring that piece of property back to the market 300000. Now what's happening is a for a closing on the property and bringing it down the levels that people can make money -- that they can buy these properties of risk takers of the world the people that. Want to make a profit and I know that's a bad thing in Washington but. They"...

[1:24] ..." alone. That the -- had to deal with bad credit and and foreclosures so. The banks have kind of amp up their their assets in reserve to handle this issue I think they're pretty good shape. Real quickly guys beyond foreclosure rates and beyond the Dow hitting missed 10000 mark what sort of yardstick. Will you guys look for when will you know. We have arrived. I think the Consumer Spending is key psychologically dependent retail"...