Is the Multiple You Want to Pay for the Market?

Onon david's note: What i thought was interesting and so important is that he lowered, they lowered their year and target for the s and p, but they kept their earnings the same. And because we've seen rates go from 25 basis points, essentially to four in one year,. Even if earnings on their estimates didn't come down, the multiple you're going to pay for the market in aggregate needs to come down as well. If we continue to get lower month over month reads, i think that starts to set the ingredients for a botom to begin in the broader marketad there's a big debate right now about what's going to leador a kind of contribute to that bott