darin, to you, and your thoughts are that there are some pockets of value.ou, like jack, favor technology. let's talk a little bit about what corners of technology you think are values today. >> okay. well, i'm going to give you a boring answer. i think the large side of technology, so kind of the usual suspects, apple, ibm, cisco, intel, et cetera. i think definitely i agree with jack, but i think they're undervalued still based on kind of relative valuation. normally the sector trades at a 25 to 30% premium to the s&p. right now it's barely trading at a premium at all. so i think there's really upside in technology. >> you know, darin, also talk to me about the high yield market. we just had kelly evans up here talking about the fact that the corporate bond trade, the high-yield corporate bond trade, has been very hot to say the least. last time i talked to you were favoring some emerging market debt. do you still favor that? are you at all worried of an overheating in the market? >> we use local currency. we think there's currency appreciation potential.