11. The method of claim 8 wherein the step of time indexing the time stamped events comprises: creating hot indexes, which are not searchable and do not persist; and converting hot indexes into warm indexes when the hot indexes are at capacity, the warm indexes being searchable and persistent.
11. The method of claim 8 wherein the step of time indexing the time stamped events comprises: creating hot indexes, which are not searchable and do not persist; and converting hot indexes into warm indexes when the hot indexes are at capacity, the warm indexes being searchable and persistent. 12. The method of claim 11 further comprising merging multiple warm indices within a time bucket to form a new warm index.