It's pretty heinous, ... Small- and mid-cap stocks, and even micro- and nano-cap stocks, have not participated.

We think they advanced the cause.

There are a lot of fallen angels and orphans out there.

It's ridiculous -- it's like there's a little sign on the door (of small caps) saying 'Buy me,' .

You have tremendous values out there, ... Now that they've become so undervalued, the risk of liquidity is outweighed for the small as well as the institutional investor.

It's going to be a mixed market.