00:00And higher highs. I mean, you know, markets are reflexive. And, you know, as sort of as complacent as people
00:05think the markets have been, they have not been complacent, right? 50% of the stocks in the Russell 3000
00:10are down 20% or more, or 20%. And 40% in the S&P are down 20%. That's a
00:15proper correction. And this is the way it always goes down, right? The S&P, the highest quality index, always
00:20kind of gets hit at the end. Now, I don't know if we're going to get the final shock. I'm
00:25hoping we don't because that would probably be something bad happened.
00:28But, like, you need to be mentally prepared for that. And if that were to happen, think about it as,
00:33like, a year ago. And by the way, we made the same call last year when this event happened around
00:37Liberation Day. It was like, okay, we – and it was much cheaper then, too, so it was a little
00:40easier call. But, I mean, this time it's the same setup.
00:43But, so you're basically telling people don't sell. And if it does decline, there'd be an opportunity to deploy more.
00:49Absolutely.
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