he's sam stovall, chief investment strategist at standard and poors. he joins us from new york. sam, always great to see you. happy new year to you. >> happy new year, tom. >> tom: historically the first month of the year, january, has been pretty good to be a stock investor, especially after a midterm election. we want to take a look at the returns that you've seen historically on the index. 4.3%. and the odds of that rally, 95%. so what's the risk of the hangover? >> well, the risk of the hangover is that we're going into the new year with very high investor optimism. so i would not be surprised if we do see a bit of digestion of the recent advances that we've seen since the august low. but because of the encouraging data that we've seen regarding the market's performance in january, of course it's no guarantee, but i would then say it's best to use the weakness as a buying opportunity rather than a reason to bail out of stocks. >> tom: let's take a look at where some buying opportunities might happen the most favorable first-quarter, consumer discretionary, information technol