s, ishiggins, cio at coutt still with us.lessons of this, the market, investors are learning a lot from what has happened here. there's a danger we add a risk premium because we realize how vulnerable some of the oil infrastructure is if we had not realized that before. we've seen this sort of spike before an geopolitical events. it's not something tradable from our perspective. we don't have any direct oil exposure. it's more correlated. you've heard me talk about russian equities. that's clearly a correlated play on oil. given what we talked about earlier with the pmi's showing tentative signs of bottoming, it's a reason to be moderately positive oil. from mars perspective, it's a -- from our perspective, it's a pretty weak investment. prefer correlated strategies, value strategies like russia, where you paid a big dividend yield in an attractive currency. matt: well, we have seen the oil price get weaker and weaker, even as a supply gets cut out of iran for example or venezuela on concern that global growth is simply slowi