The Importance of Timing in the Stock Market

Timothy Stanley: It's hard for me going back to the affordability numbers that I decided is really difficult for me to see how this persists. And as you point out, when we're talking, they're way off. They're in totally different universes right now. So my base case is that the recession, the stock market is going to be right in the near term. But before we get there, I think the cycle is longer.