Jim Zelter

The second, as I would say, is the headlines have been much more profound and loud than the activity.

There really isn't a lot of assets that are for sale that have widened out dramatically.

The high-grade index is where it's been.

The high-yield index has really been pretty tight.

There's been a variety of financings done.

Look what J.P.

Morgan did on EA Sports.

They did a massive...

IG crossover financing.

The high Yolan loan markets have been pretty strong.

There's been a great excitement about putting this massive amount of capital to work.

That's the business we're in.

We really have not seen the vast majority of assets coming to marketplace that people have talked about.

You know, we have a lot of liquidity.

We've got $125 billion of capital and liquidity ready to put in the market in our platform.

But I'm sure we'll be active, and I'll talk about it on this several times I'm back here the rest of the year.

Final question.

Yes, sir.

Texas or Florida?

You know, we want to, we love New York.