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on the other hand, goldman's >> reporter: beinner says the yield on 10-year could fall as low as 1.5%. and, because bond prices move in the opposite direction, that could give bond investors a nice rally. >> if we get into a deflationary situation that's emanating out of europe, probably not emanating from the u.s. initially, that could happen, at least in the short term. likely unless something material has changed at that point, that might be a good selling opportunity. >> reporter: one other factor for bond investors to keep in mind is what the federal reserve plans to do with interest rates this year, and that's absolutely nothing-- more good news for bonds. suzanne pratt, "nightly business report," new york. >> susie: our guest tonight is buying more stocks than bonds in his client portfolios. he's art hogan, managing director and strategist at lazard capital markets. here's the lazard asset allocation. 75% stocks and 25% bonds. that's up from last year's 60/40 mix. hi art, nice to have you, happy new year. >> susie thank you very much, happy new year to you too. >> susie: thank