What's the South of the Market?

The first half of the year will be tough, you know, sledding and then the back half is going to be coming up roses. The unwind of the unusual fiscal and monetary stimulus that we've had over the last,. let's call it two and a half years is going to take longer than most people think that a normal recession should happen. I just think that stocks down, what was the S&P down? Twenty and a half percent just does not encapsulate what we're in for in the next six to nine months.