let's welcome our guest, matthew beasley. matthew, great to see you -- happy new year. seems like so much as happened. give us your thoughts. let's look at the week that was, conditions,et of amazing actions being taken and then undone by the chinese regulator. how do you look back? >> i think a lot of bearish investors were expecting 2016 to be difficult, but no one was expecting it to start with explosions. especially after china. i think there is a concern that the chinese authority looks like they are in control but -- like they aren't in control. they need to be a self-assured, steady, calibrated series of moves, and with the circuit breaker removal, the fluctuation in the currency -- it doesn't look like the central bank is in control. i think that is unsettling a lot of investors outside of china. jonathan: as an investor, what concerns you more -- the fact that the currency is depreciating by 1.5% over the days, or the fact that policymakers just don't seem in control? is that the latter that is more important to you at this point? >> i think that's right. , to