of household wealth is the value of their house and if they start seeing prices stabilize and appreciatining, tt could offset some pullback in overall consumerspending. >> where will we make money then, do you think? >> my sense is emerging markets is where you're going to have a lot of growth. those markets have been depressed for a couple of years so equities in emerging markets, equities in the u.s. keep clear of yeurope for now. i think high yield debt will be interesting. within equities, if the economy starts really growing it will be momore broad based and people c move away from the more conservative investments go into more cyclical as well as smaller cap stocks. >> optimistic view on 2013 from allisison deans. always good to see you. >> thank you. >>> when we return on the "wall street journal" report, maria will be back gazing into the crystal ball of 2013. what the new year m bring to wall street, to washington, and to your wallet. predictions and analysis to get you to january 1st and beyond. and then later, what a ride it's been. some of the biggest names and stories and ideas