electrolux mentioned it.f you've got exposure to the emerging markets, unless you're at the high end, then you're going to be in a fair bit of trouble. >> do you think january shares are -- the s&p 500 just managed to get into positive territory yesterday, which meant we looked okay for the course of the week, but not necessarily for january. what do you think b across the overall space? are we looking at a terrible 2014 because january hasn't been great? >> i think this will be the year of catching people out. one of the mantras i always used is that the market rejoices in catching the maximum number of people on the wrong side of a trade. and it does that by creating surprises. so everyone went into this year thinking, okay, we had a great stock rally last year. it will continue this year. it's going to be negative for bonds. the em problems are behind us. currencies, not so much to worry about. you know what? every single one has come back and spanked us. and everyone has now positioned themselves for the