The Value of Secondary Indicators in a Downturn

The Bears actually went up to 59.1 and you know it was interesting because we were kind of talking about that 94 correction there was a major rate hike cycle there with seven seven rate hikes this is something that David Chung and I talked about on a podcast previously but it wasn't the 75 basis points each time like we've seen this time around. The total rate hike was two and a half percent back in 94 and again it happened you know seven increases that year so this year we've already exceeded that now we're up to 3% aren't we?