If you look at our portfolio that we run here with a three-year track record, basically it's equal to the S&P the last three years. This year we're down about 1.8, 1.9 percent versus an S&P that's significantly more than that down.

Just look at the track record and you'd understand why. Go back three years or go back the first year and see where I've placed against the other pitchers on the team.

My sense is that January is going to be critical this year and I think you can see a good beginning to the month. I think you can see a positive January and my guess is that's how you're going to see money invested -- early and strongly.

I don't have the best track record with quotes.

Even before Katrina, we were capacity constrained.

I think if you're looking for immediate gratification, there's probably no place that's real safe to buy,