Everybody forced Joe and Donnie here up in 2023 Bowman's best baseball hobby eight box case number eight Pick the team style. Got Anthony Royals Bart with the Marlins Brandon s Rockies for two different Brandon s Brandon si Rockies Brandon ST with the Cubs Charles Mets David with the Cardinals Gabriel with Texas James D. White Sox Josh are Orioles Justin E. Tigers Lee Juan with the Dodgers Matt S. Twins Matthew W. Astros Matthew B. Guardians Matthew N. With the Braves Russell P. A's J's Scott T. Ray's Shigga Nori Red Sox Tom C. Reds Yankees Angels Phillies Pirates Brewers and Nationals Trevor with the Mariners Zufan D-Backs Yuzu Padres and Zachary with the Giants 30 seconds guess the super Go go go go go one guess per person your if you guess more than once your first guess will count Let's see some names. Who are you taking if it's someone with a last name like Gonzales You might want to be a little specific if it's like an Acunia. I want to be a little more specific Common names, please add a first name. Yeah, yeah, so you both you could just put the last thing That's fine. Yeah, totally cool with that. But if you have a Jones, you better put the first Like true exactly like Alvarez as much as that could be Francisco. There could be another Alvarez Let's hit a CEO. She'd I'll give 10 more seconds. Sorry guys 10 seconds What happened to my timer? 6 5 4 3 2 1 close time up Tocque will be the last one Definitely not lane channel to no definitely not lane channel to no channel. Tocque will be the last one So Tocque up to looks like shady cool All right, here we go again if we do hit a super factor of one of the players you guys guessed then you will get We go to tonight's sheet 90 we're 90 on the gas The guest goes up 10 every time getting so lost with like because the the the super bounty for whoever hits it goes up 25 Each break we don't hit one. So I Have no idea I have no idea it feels like midnight right now Here we go We're acting like it's midnight to Looney Looney times Again, you have to have an account with us to win the Great credits if we hit one I mean obviously the person who hits the super Gets 025 any super the guests might not happen, but if we had a super someone's getting some great credit Nobody guess it just keeps going right? Did you guess rather green the Spencer gets rather green I Didn't guess It's for free to guess Just got to be a follower on twitch and a sub on YouTube that's all you Also if you go to two different chats It's only your first one Shady Spencer Yeah, why'd I even say that? Why'd I even say that? I'll talk with your boss. Gotcha. Yeah Tell your boss to get lost That would be weird though because I did say that to before the break Masterpieces Carol commie narrow their refractor J rod autograph angels Nelson Arata and a refractor of netto rookie for the angels Mini diamond shell act rookie J walk for the Cardinals era green the 99 commie narrow for the rays Raptor Michael Harris rink for the Braves Whoa, Joe seriously, so you're officially a dad or oh Wow, dude, that is nuts Heck yeah, Joe loved to hear that wave of Rizzo for the Yankees refractor Chris Bryant for the Rockies Well now Think all those cars rightfully belong to your child You get you get none of that auto for the Mets Davison Gutierrez Fractor McGee McGee Cabrera Weak early Wow, man a shell act of Yoshida Fractor Bobby Witt no dude Casey Schmidt refractor rookie young for the Rangers Auto for the Guardians one Brito refractor Marcelo Meyer.  Yeah Wait what need the principal to report to me, please that's a good point I'm in I'm in I'm in my office already Who just said forced report to forest office see like I'm not in that That competitive group of playing three champs like that And go solid oh intense. Yeah, that stuff is crazy though. Shady There's not a heavy print running that stuff it seems like principal Shawn. Oh, Jesus We can't give Shawn power Aqualava to 199 rookie nets over the angels raptor Jordan Alvarez I know I just thought of this, but so I'm peacock to have that new Ted show. Yeah Divya is watching any of it I've seen some clips. All right, we got a printing plate. So we do have a one-of-one Not gonna trigger the bouncy, but we do have a one-of-one first one of one of the day Debra's refractor well Brewers and it is an auto and it's gonna be Mike Bove. Congrats brewers. That's sweet Awesome hit this going out to Tom Thank you Tom for joining congrats on that Yes, I can't play with you anymore. Hello LS. Hello, Sean. I Read I read it. I was reading back. That was dumb Dude, it's actually pretty funny. It's it's been I've seen three episodes. I like it Real it's real Bryce Harper refractor you to common arrow It's pretty so like the premise is decent like I don't hate it I like it Auto rookie Anthony Volpe Yankees There we go Tom again refractor Jacob Gonzalez He's in high school, so they're just hanging out together It's like younger for this like 1993 but it's to say it's them young more ball work, right? It's good, dude. Marky Mark a Chalacte Michael Harris blue refractor to 150 Xavier Isaac Tampa Bay refractor Bryce Harper and that's pretty good, dude No, I said the problem is pretty good, man Salas refractor Ricky Gorman for the Cardinals I did did see enough jokes on Twitter Look some stuff like that. It feels like auto for the Dodgers. Do you a cartaya? They decided to go a bit raunchy and take the factor of Latin Maybe Seth McFarlane was like I'll take some jokes for The maybe Ted prequels here. Yeah, it's legitimately just like the move. It's like as raunchy as the movies So they're not like holding anything back. No, yeah, like fractured choreo brewer Especially since it's on peacock, so they don't have to like worry about right it being on TV Yeah wave wave of our in auto Cardinals refractor Matt Shaw comes dude, it's it's the interaction I don't know. Yeah I want you can say I'm not sure how I think I know you're talking about how much you can say purple 250 rookie Josh Young rangers Auto you're coming there. Oh There he is Someone asked now. We got him. There you go scooter Fracture auto fracture Cabrera for the Yanks Yeah, the 92 rainy John selection school the auto is on it.  Oh Jake stripping or fanatics live guys get those breaks filled up over there at Canada Is Matt Kennedy even qualified to work in the front of the shop We don't need 70 yards of total offense in four quarters Something a little different than that Masterpieces Otani Yoshida there refractor so too I'm no legend to 299 y'all legends for joining breaks and hanging out with us to 99 red Sox mini diamonds Meyer auto Tucker Toman for the Jays Fracture Justin Crawford. I'm a mere mortal Fractor Jacob Wilson A's Same leave me alone. That's what he's saying Wave the undre Vargas Dodgers refractor Bobby Miller rookie Dodgers Real to real auto to 150 Rockies Ezekiel Tovar next rookie auto here. Those are cool, man Fractor Casey Schmidt rookie for the Giants That I believe I believe that Spencer that I believe that shell act of holiday Fractor Alvarez I've been a shell act on a few holidays Donnie Donnie's just not even not even working. We're just watching this Obey Carol rookie refractor Sorry, James. Go sports Refractor auto blue J's Josh Kassavich refractor rookie at Richmond for the Orioles Mini diamond real to real Peter Lonzo for the Mets Killian and a true gold is gonna be Roderick Arias for the Yankees 21 to 50 Fractor Jram Exactly how it went down yeah and auto for the A's Henry Bolt Fractor rookie Parazza Many diamond Andrew Vaughan white socks on the 92 Randy Johnson insert their shell act Shaw Shaw lacked refractor judge I'll have to tell Sam all these shticks now that he's working with Sean the night We should see who can come with a better shtick we each we just look at the checklist 24 hours ahead of time and whoever comes with the best shticks You know you better you you and you and saying it with TJ like individually That would be funny and then we'll have people vote. Yeah The winner gets to give away something on their stream refractor rookie Rockio Guardians Blue refractor 150 Otto Meyer Schendrick Martinez Fractor Machado Now all Sean was off last night so hop a refractor lindor Dave Hauke for the Mets purple to 250 Pena Astros and refractor Louisa rise Auto for the Braves Louise Guanipa refractor Joey Votto. That's probably Sam typing The principal's office thing Shellac to choreo shellax and choreo refractor Mervis met comes rookie masterpieces Volpe Yankees Alvarez their refractor Almond Dodgers Raptors just trying to Well, they're kind of hit the reset They've been like fallen off of it and they have like expiring contracts a big name So they're trying to get a lot for them They've got five first-round picks in the past two weeks from trading Plus players for trading on a nobby in Siakam Fractor out of Brito for the Guardians. So it makes sense for them. Ricky refractor is Volpe Yankees If you're gonna tank you may as well just do it Commit commit once you refractor Ricky Ruiz for the A's Patriots couldn't commit now we're the third pick instead of the second Real to real Ricky Carol for the d-backs refractor Gonzalez Mariners Aqualava rookie to 199 Mareno for the d-backs Rookie auto twins Edward Julian refractor Roger Garry s a Shellac to d-back Shroki Corbin Carol refractor Max Clark Super Yeah, they got Scotty. It's like Jake. Everybody is going loco for Christian Coloco. I'm like Jake I think you're the one that's going crazy actually Fractor Jackson holiday Yeah, I probably I'm washed me diamond at 299 is call us for the white socks Gold lava auto Eddie Beltray 28 of 75 for the Padres Fractor rookie ties Bradley, you know Eddie Beltray Right Donnie Yep Him rookie Adley Ruchman.  Oh, it's totally our rookie refractor not rookie, but refractor mookie Now RJ Barrett to Wave of trout for the angels refractor Ricky Mareno d-backs and Auto Dodgers James Altman rookie auto Altman refractor Yoshida rookie Red Sox. Oh, I'm afraid it is Spencer shell active solace fractors of Refractor McLean Fractor Colin Howe commets everybody in chat tonight every time Sam says a shtick everybody should repeat it in chat So I double the effect on Sean Sam says far out man, you all say far out man Blue refractor auto Padres Daniel Montecino to 150 Fractor you Andrew Vargas There's a lava bowman masterpieces of Shohei Otani, that'll be number 250 1950 for the big show Here we go angels refractor Nato real to real J rod refractor sassasuki a base auto for the Mariners Axel Sanchez Fractor rookie Henderson Orioles Caps bucks. It's a pretty good game.  Yes Probably right probably who does it though? Think of a giant Giantly skillet love just so many good things on II. I don't know how to also explain it Is your like your rice? Some vegetables that you like Yeah, it's pretty fire This the surf and the turf you can skip Pretty fire. All right. Here we go. Last three boxes masterpieces retchman for the Orioles Fractor Freddie Freeman purple to 250 RES for the Yanks auto for the Orioles sandal basio Fractor Correa totally our refractor solace Padres wave Dodgers Freddie Freeman Refractor Coulson Montgomery auto for the Royals is Caden Wallace Spencer Jones refractor shellacked of my area refractor drew Jones d-backs Volpe on the actual projections refractor Jackson Jorio auto Henry bolt for the A's Refractor Matt Shaw cubs, you know aqua lava to 199 of a caro for the Nationals factor rookie Cabrera Yanks Real to real Michael Harris Braves refractor. Oh, happy rookie angels autograph for the Cubs or Nietzsche Valdez Grissom rookie refractor at Atlanta shellacked Yoshida refractor hobby bias hobby bias Okay Outman actual projection green mini diamond rookie color match a is shea langelier 99 a shet refractor Rookie auto 250 on the 90-92 Randy Johnson insert here Oscar Coloss White Sox Tease refractor factor rookie prep 80 for the Mets wave Langford for the Rangers refractor Akunya Braves Auto for the Yanks Brandon my aia Brandon in this. I think he's Brando your factor is Casas Red Sox shellacked of J walk for the Cardinals mini diamond at 299 Gonzalez White Sox and refractor morale Cubs Oh loss refractor rookie Senga Mets Blue refractor rookie is equal to bar for colorado out of 150 plus a refractor auto Yankees Hans Montero Haven't seen him today at all Ricky Langley refractor A's Montez refractor We're just super we're just super real to real Jackson holiday refractor of Paul Skeen's Pirates The place of the auto It would be One of the three yeah, it could be a parallel It could be a super auto if it was if it's not to be in that place They appear in multiple places in this it seems like the last three cards typically refractor of the Paula redemption Best of 2023 blue refractor parallel that is going to be to 150 and it is Max Clark again. It's Huygers Tigers last two cases hitting pretty big Detroit will thumbs up on that just any congrats Justin actually to get signing on those one more box This is it. This is where the super is Masterpieces of Riley green for the Tigers the rookie there Astral projections gunner aqua lava Vladimir Guerrero jr. To 199 and a Riley green rookie refractor for the Tigers Astros autograph Camilo Diaz Fracture Jazz Cheslem mini diamond real to real rookie Diamondbacks Corbin Carroll Rez refractor for Caro real to real Pelonzo refractor Tommy Troy Tony real to real auto Brady house the 150 nationals. That's pretty cool Really how it's nuts. It'll be Tom Rector of Bonilla shell act of Drew Jones purple rookie to 250 Gorman for the Cardinals and refractor Gwinnipa Refractor rookie Walker Cardinals base auto Padres Ethan solace Good good bit of solace today refractor Otani angels Jones insert refractor gray rod Orioles. Come on. Last three packs. Come on Please please please please please please Superfactor wave rookie Edward Julian twins refractor a Tovar Rockies rookie Superfactor We do we go lava Gold lava to 75 rookie Hunter Brown for the Astros a true gold auto Johnny for Meloda 50 for the Mariners good pack there Fractor Pena will have to carry over shell act Volpe refractor Yelich. Oh boy The bounty grows Someone's gonna get a very large amount of truth of these a large amount to begin with It's gonna get the 450 when they start tonight's breaks Then the guess is gonna be up to 100 solace is one of the guys look for you Langford Clark big rookies Adley Gunner Yeah, pretty much one keep in mind it is it counts for the mixers too. It just has to be out of Bowman's best And it has to be in a group break So the mixers do count tonight. That's all that's left for Bowman's best tonight is those mixers Four boxers. It's a two draft jumbo and two Bowman's best per All right, gonna recap numbered cards here Gonzales Coloss Meyer Arias Josh young Roderick Arias Nolan Gorman Jeremy Pena Zack Neto Christian Vakero Gabriel Moreno Vladimir Guerrero, Jr. Xavier Isaac Ezekiel Tovar Jr. Caminero Shea Langleers gold lava hunter-brown gold the Roger Garry us and a ohtani lava masterpieces pretty cool card Autos here. We had Ethan Salas Camilo Diaz, Brenda Maella, Nietzsche Valdez, Henry Bolt Caden Wallace Samuel Bassio Axel Sanchez James Outman Edward Julian, Luis Guanipa, Henry Bolt Tucker Toman Diego Cartaya Anthony Volpe Juan Brito Davidson Gutierrez Nelson Rada Hans Montero Juan Brito Josh Kassavich, Jr. Caminero Maya Colosta 250 the White Sox real terriel Brady house Nats to 150 Montecino Myroschendric Martinez That's Ezekiel Tovar Gold lava Beltre Gold Johnny Farmelo Printing plate auto Brewer's Mike Bove on the one of one Max Clark blue refractor redemption auto Tigers number to 150 and then him Adley Rochman. It's him. That does it for the dates. I'm everybody. Thank you very much Moving on to


And now to Adamoa State. Contributions worth over 64 million have been intercepted at waterways by the Adamoa and Tarabas State Command of the Large and Custom Service. The seized items include foreign rice, honey, petroleum product, vehicles, fellies, clothes and others. This claimed the seized items to newsmen in Yola. The controller in charge of the command said three suspects have been charged to court. To take economic advantage of the country. And that is the essence of this PMS we are talking about. You know, by heavy subsidy that the government, federal government is subsidizing, it makes it cheaper here and a little costly there. Or even more than multiply by two or three costlier there. So somebody wants to make gain to the disadvantage of their own national economy here. So they want to do everything possible to smuggle it out. So that is why we have been fighting tooth and nail that all this well and this thing. So we can do it.


Welcome to our new students and welcome back to our returning students. 2019 is going to be a great year here at ANU. We have completed our major redevelopment of Union Court and the Canberra Precinct is now open for all of ours to enjoy. With state-of-the-art teaching facilities, new student accommodation, health and lifestyle facilities, a pool and plenty of places to relax and catch up with friends, Canberra will be the heart of our campus. It includes Student Central where all of our student services and student union facilities are in one place. The Murray-Ray Teaching Center has modern teaching spaces with new classrooms that facilitate an innovative approach to learning. There are of course cafes, food outlets, a supermarket, pharmacy and a new bar that overlooks Sullivan's Creek. Our vision with Canberra was to create a meeting place for the ANU community and our think our way was worth it. I hope you think so too. As you're walking around campus enjoying the new facilities of Canberra, you will notice the diversity of our community.  A great university is a place where we can celebrate our differences, relish the opportunity of being together to learn from one another and support one another, even those we disagree with. Let's show the rest of the world how it is done. Your time here at university is not just about classes, homework and exams, but yes they are important, but just as important as understanding how the world looks through other people's eyes, learning from this rich community of scholars all around you, the things that are not in your courses. It's time to ask questions about anything that interests you and to form friendships that will last a lifetime with some of the most talented people you will ever meet. I encourage you to immerse yourself in the university experience. There is so much to be gained from joining a club, taking a course that's not in your degree program, hanging out with people outside your normal circle. Ask anyone who has been to a great university. This is one of the most important times of your life. Don't be a passenger, enjoy it, make the most of it. In whatever way makes sense to you. I'll see you around campus.


In this video Viraj and I will demonstrate the hand washing technique. Here is the incorrect hand washing technique. The duration is too short and we only wash the palm of our hands much like we may do after eating food. The correct hand washing technique is as follows. First thing to do is rub the palms together. Next, interlock the fingers. Place the palm of one hand on the back of the other. Repeat for the other hand. Clean the thumb thoroughly. Clean the thumb of the other hand. And then clean the nail surface of the hand against the palm of the opposite hand. Repeat for the opposite hand. Finish up with the wrist and rinse off the excess soap.


JSA TV, the newsroom for tech and telecom professionals. I'm Jamie Scott-Cutaya of JSA. Joining me here at Telecom Exchange LA in Beverly Hills, we have Mr. Eric Ballard. He is the vice president of Networking Cloud over at Stream Data Centers. Eric, welcome to JSA TV. Thanks for having me, Jamie. I appreciate it. We love having you. You were also with us at Telecom Exchange New York City in June a few months back. So tell us, what's been up at Stream since then? We've been crazy busy the last few months. We've got a lot of new development work going on going. We're bringing on new data centers and continuing to look at new expansions all across the US and been doing just a lot of different development work. And we know in April, you acquired, you purchased roughly about 23 acres up in Garland, Texas. Tell us a little bit about that facility and what's up next there. Sure, so that facility, we bought the land earlier in the year, but we are fixing to break ground here in this month. So we're in basically the process of rolling out all the trailers and so forth. And we are fully permitted and ready to roll there. And so we're getting going probably in the next week or so at that site. So a lot to come. That'll deliver just probably a little after mid next year. So I think we're targeting an August delivery date for that product. So a lot of activity we've seen around the facility, a lot of customer interest there. So we think it's gonna be a great project for us. And how does Garland, Texas fit into your overall market strategy? Sure, so I mean, we are Dallas headquartered so that helps a lot that it is in our backyard. The Garland facility will be our seventh facility that we've done in the Dallas area. Sure it won't be our last, but we believe that there's a good mix of both major market data center expansion like the Dallas, the Chicago's, the world where we have another project that's basically gonna wrap up here in the next couple of months. But we think that there's a mix between that and then also some other secondary markets such as Minneapolis, which we've been very successful in. We continue to have product up there. We continue to look for new product and new expansions, both not only in those kind of, we'll call it secondary markets, but many other markets as well, both including major markets as well as secondary. And we think that there's a good mix to be had. We have a good product mix that can cover all kinds of different customer needs in those markets. Yeah, and we've been talking a lot here at telecom exchange about getting closer to the edge, getting into those more local markets. What markets do you see data center demand at the strongest right now? You know, I mean, I think the major metros, the Dallas, the Chicago, the Ashburn, Silicon Valley, we continue to see massive amounts of demand there. And we see lots of other competitors that are bringing on tons of inventory on those markets, but we see it getting absorbed. So we continue to see really, really strong demand in those, you know, the kind of what we call the kind of the top four or five data center markets in the US. And what are the key trends that are driving all these demands in these markets? I think, you know, number one, cloud, you know, the high per scale guys are really just continuing to expand and grow and, you know, they absorb the vast majority of that. And then there's some big enterprise guys out there and, you know, a lot of big tech that still pulls down a lot of space, but an enterprise is a play, but the cloud guys definitely take down the vast majority of all the space. And so when it comes to investing in co-location infrastructure and data center operations and improving ROI, why do clients choose Stream? I think the number one thing that we bring to the table is that we're willing to work with our customers. We know it's not a one size fits all in our industry. We've built a great business out of being very flexible. So, you know, we have customers that come to us and say, you know, hey, we have this unique model and can you conform to that? And unlike a lot of other co-location providers, we absolutely can. We can, you know, tailor operations to be exactly what they need. Sometimes we have customers that really wanna ramp up the level of operational staff around it, right? They wanna be ready for that instantaneous outage at any one given moment. But then we also have customers that say, we actually want a little less, right? We can take an outage of our infrastructure. We want in capacity, but we wanna optimize price around that. And we can offer, we can do that not only on the facility side, but also on the operations side and really help to hone the right price for our customers as well. And so looking into your crystal ball, what can you tell us, Eric, about what we can expect from Stream in 2019? I think you'll see us go into several new markets that we've never been in before. You know, a couple of them that for sure. And I think you'll see us building bigger and larger facilities over and over and over again. You know, more to come in the cloud space, I think for us over the next 12 to 24 months. And I think you'll see continued expansion in our existing markets that we already do a lot of business in. Stream Data Center is for sure a growth story, a company to watch. Thank you so much for being here. And thank you for viewers for tuning in to JSA TV. Happy networking.


What's up everyone? It's your girl Kenzie here from Layton Sports Cards, and I'm ripping a personal from Michael S We've got a 21-22 tops finest UA for Champions League soccer hobby. All right, Michael best of luck. Thanks for hopping in See what we can get you Champions League just ripped some boondust league up Yeah, this one concert you want to Name our junior rookie or base sorry and Refractor of Ryan Graven birch from IJAX First auto out of the very first pack there for you Michael Price footballers of Sebel Sebel slide from Leipzig and purple Sadio Mane from Liverpool out of 299 on the purple. Oh, yeah, that's true Dean. I haven't heard that one Frosty I'm gonna keep ripping so I don't have any in queue It'll be you know Hopefully till at least midnight here. Niko Gonzales rookie refractor Barcelona possibly 2 a.m. There's still orders at that time Bellingham base Home of it finest futures rookie refractor Mendez from PSG Price footballers refractor of Lukaku. Oh Yeah, everything's gonna be ripped. Yep Refractor of the pay for Barcelona, and we've got yellow prism Yusuf Damir from Barcelona that is 68 of 250 I guess they forgot to tell me that Ronaldo base you say so Policic base and Ricky refractor of Maureba from Leipzig Maureba Ricky refractor Careful, buddy Got price footballers refractor of Damir from Barcelona Refractor of Dijon from Barcelona and blue rookie refractor from Porto Pepe out of 150 Rookie refractor future finest of Gadget in Barcelona Mike how many accounts did he come in with price footballers refractor even home of itch even home of itch Malan and last pack On the house on soup hot tea on the refractor Barcelona and pink prism of Liam Delac from Man City on the rookie to 125 Alrighty Michael that will do it for your box. Thanks again for hopping in and we'll get these right out to you


And our guest host who joins me in studio this morning, Mark Bailey from FIG Securities. Mark, your thoughts, I mean, sort of broadly in terms of what we're seeing at the moment in terms of valuations. We are gonna bring up a chart in just a moment sort of showing valuations, but in particular US markets because we know they're trading at these all-time highs at the moment. Do you think it is overvalued at this stage? Talk us through, you know, what you're making of these things. Yeah, I mean, just to take a step back, if you look at equities, yeah, as you say, hitting all-time highs, especially in the US. And again, that's against the backdrop in terms of, you know, flat top-line revenues, sales growth. And in terms of profit growth, you only see marginal profit growth coming through there, a bit of cost-cutting. You see natural corporate profitability falling. And this quarter's results will probably be the fifth quarter in a row where you've seen a fall in corporate profitability in the States. And then if you look at the bond market and what that's telling you about global growth, US 10-year treasuries hit 136 at the start of July, which is a record low from 1962. And if you look at the Australian corporate bond market, that 10-year there is at 186. I think it closed yesterday at 187. And that's nearly record lows in that situation as well. So in terms of the chart, the price earnings ratio, if you're looking at in the US, it's pretty much the highs that we haven't seen since the dot-com boom and bust going back to 2002, 2003. So again, that's another indicator that the valuations in the equity markets are looking decidedly toppy. And I think I read this morning that Goldman's has actually just moved to an underweight on the equity side of things for the next three months, overweight cash. So again, that Goldman's has gone in terms of defensive mode as well. And I think that's right. And one of the key focuses that we have at fixed securities is trying to make sure people's asset allocations are correct for the environment that we're operating in. And if I gave you three countries, Australia, Poland, and Korea, all those three countries have in common less than 10% of their pension, their superfund allocations are in bonds. And the next one is Finland at 30%. So if you believe that the equities are overvalued, what's your defensive asset that you should be holding in your portfolio, cash and bonds? And in Australia, that's certainly not the case. So we're a huge advocate and I've just been out presenting to investors and clients saying, look, you need to get your asset allocation correct. Are you able to sustain the volatility that's likely to come up ahead? Are you positioned defensively? And it's really important that you get your asset allocation correct first. And that's the most key important driver for performance of people's portfolios going forward is getting the asset allocation correct. All bubbles burst. And I think that the equity market is very susceptible to a correction. And what would be the ideal allocation if you look at it all together in a portfolio? Look, I think kind of a 60% equities, 40% bonds and fixed income portfolio mix, and you can slice and dice properties out of that. Probably keep the retail hybrids, if you want to hold those, in the equity portion of that. But in Australia, kind of a balanced super fund typically has 70% to 80% inequities and the rest is split up in bonds, cash and property. My personal view, and if you look on a global basis, that is way too skewed towards the equity side of things, which has historically performed very well for Australians, but in terms of going forward and given the charts that we've seen in terms of where the equity valuations are, I think they should be paring that down and moving into more defensive classes that will hopefully protect them on the downswing. I guess everyone's sort of trying to work out whether they're willing to keep moving prices high from here, as you say with these high valuations. I suppose it then becomes a question as to when you get back into equity markets. I mean, at what point we see that pullback and then you start allocating that cash back into equities? Yeah, I think that's right. But equally, once you've got a kind of a portfolio you're happy with in terms of the returns that are generated in your risk-adjusted environment, then I think in terms of when you move back into equities, it's just kind of tweaking around the edges. But it's really important that you get the asset allocation correct. And it's important that you do that in terms of where you are in your life cycle as you age the natural tendencies that you should hold more stable fixed income cash-like assets in your portfolios. And that will protect you from the downswing once you move into that income drawing phase on your super fund. And at the moment, a lot of people are using the equities, the dividend stocks in the equity markets, which are continually to be driven higher as yield plays in income-generating assets. And almost forgetting that these can have quite severe capital losses when the market does turn. And you should actually be using the income-generating assets to be more on the fixed income side as they're generally more stable. Why do you think there is that disconnect with it? I mean, you mentioned Australian investors don't seem to have their allocation quite right yet. Why do you think that is the case? Is it because we're continuing to seek out high yield and therefore we go to the equity market? Yeah, I mean, I think there's a really interesting chart in the Wall Street Journal. So in 1995, investors could generate a 7.5% return on their portfolios by holding 100% in government bonds. And that would be nice to do that today, but that's not the case. In 2005, that was 50-50 equities and government bonds. And now it's only around about 10% bonds, 40% equities. And you have to have private equity, fortune capital funds to generate the 7.5% return. Each way through the process, your risk-adjusted returns are going down because your risk is higher on those underlying assets. And I think there is a chase for yield, but I think people are always forgetting to adjust for the risks associated with those. And they're chasing yield in the credit universe by going down into the sub-investment grade on rated spectrum and also down the maturity curve trying to pick up additional yield by going from 2 to 5 years and then to 10 down the maturity spectrum to try and get that yield. And it's a similar situation in the equity market where, again, they're chasing yield. They've been forced into some of the yield-bearing stocks, the infrastructure types, assets, the banks. And again, if you believe that the rates will back up, then some of the risk-free rates that have been used to generate those valuations will obviously be raised, and those valuations will subsequently fall. So you can protect yourself from higher rates by moving into equities, but again, I think that's probably going to be impacted to some extent in certain sectors of that market. So we certainly believe that a more balanced portfolio and access to fixed income is difficult in Australia. That's certainly true, so you can either go through managed or you can go through direct bond service such as fixed securities has to offer and various different portfolios within the business. But again, I just don't think that the Australians have a balanced portfolio, and we saw this during the GFC in terms of the superfund performances, the balanced superfund performances in the GFC when the equity market did come off. You did see Australians perform very poorly compared to the rest of the world because of high allocation to equities. Interesting, I guess it comes back to your analysis that you've recently been doing around all bubbles bursting, right? I guess having that core there in place to protect yourself. That's right, yeah. Yeah, very interesting. Whilst we are talking on the...