we're covering your assets with johnathan hoenig, shane ciderman and veronica dagger, wealth adviserl street journal. welcome, all, great to have you guys here. shane, i'll start with you, is there reason to be concerned this year? last year if you lost money, i don't know what you were doing, but this year it's much tougher. >> i think if you go the last 12 month, the dow's up 26%, so i would be more cautiously on the to mystic. i think we've got high pe ratios, i think the smart money like private equity is sitting in a lot of cash for a reason. gerri: jonathan? >> billion markets don't -- bull markets don't go on forever, and i think we're due for some sort of a contraction in stocks. i don't think people should, however, abandon stocks. you have to be looking three, five, ten years out when you're talking about stocks as an asset class, and it's much more how you invest rather than what you invest is the biggest impact on your bottom line. gerri: good point there. veronica, you know, we were talking about the performance of stock pickers this year verse us just buying index funds

veronica dagger from the wall street journal is here. did i describe that correctly? i am speaking in new york, someone is in paris, and is a direct conversation? >> that is right. there's a delay for the translation but from what we know it is the really interesting idea. especially for business to business use. i could see a market for this. stuart: microsoft owns skype, now they have this translation software. you can put this to all kinds of different devices. >> that is what is important because mobil is so big. if you put this on your mobile phone, use this on your mobile phones that would be huge. the consumer to consumer aspect i wonder how much people would be calling someone from another country but perhaps they would. stuart: i have grandchildren in new zealand, one of their birthdays is coming up, you need a translator. broad new zealand's, you can barely understand a word. microsoft also says it is working on building the next big thing, building it in the post pc era, build the next big thing. >> we don't know what the big fame is, that is the billion do