Financials and energy shares lead stocks lower and at the close in New York today. TheDow Industrials were off 112 points at 14,550. The S&P500 was down 16 1/2 at 1,553 and change. And the NASDAQ, the biggest percentage loser here, was down 36 to 3,218.Well, an interesting trend developing in the market if you believe -- as goes the DowTransports, so go the Dow Industrials. You may want to take a look here. For the first threedays of April, the Transports are down about 4 percent while the Dow Industrials are roughly break even. Now, this is significant because, as you can see on this graphic, over the past 20 years or so, the two, the transports and the industrials tend to move pretty much in lockstep, and two points of divergence of note here on this chart, the first from 1999 to 2002 and the second between `07 and`08 did coincide with major stock market downturns.HERERA: And something else to think about, the Barclays U.S.aggregate bond index, which is akin to the S&P 500 index, only for bonds, was negative in thefirst quarter. And that is very rare.Here to give us his take on the state of the fixed income market and the challenges that lieahead for bond investors is Bob Auwaerter. He is the head of fixed income at Vanguard.Welcome, Bob. Nice to have you here.First of all --BOB AUWAERTER, VANGUARD FIXED INCOME GROUP PRINCIPAL: Good to be here.