i'm with duncan niederauer right here in davos.>> always nice to be here with the best. >> this is absolutely spectacular here in davos. let me ask you about this market. once again we opened stronger. 2013 has been on fire. what do you make of this? in terms of all this money moving into stock. >> i think it's more than just '13 being a lucky number. if you look at 2012, as you and i were just talking about before we came on, it was a quiet 15%-plus move in the equity market that a lot of people didn't participate in because they were in short-term fixed instruments. it looks like january will be the first month of the inflows into the equity mutual funds for a while. i heard from one big money manager here yesterday for the first time this week, they see people moving into equities. that hasn't happened for a while. maybe this is the beginning. if that's the case, it should be sustainable. >> we talked so much about the last year about all the people sitting on the corporate balance sheets. rates have been at rock bottom levels.