I'm Fearful It Is Coming, Right?

We haven't even got into the bottom of banto 37 38, right? So to me, this just tells me that the pros have been extraordinarily well hedged. The higher the correlation goes towards one, the more and more difficult it is for long short equity hedge funds to balance their book. When correlations go to one, the resono hedged. Everything is going down in in the same direction. And i think next you to drop on stocks is earnings rite. We've seen a p re rating as bondyields have risen, the discount factor has risen. I think the shoe that has yet to drop is the earnings down grade. It could start as soon as fr