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Is the P.E. Multiple a Multiple?
Is it a multiple story going on in the overall market if interest rates are higher for longer? Yeah, I think, I think it is multiple, right? Because every single time that we had a bear market before we've seen a bottom, you know, it's really contract down to 13, 14 range. The ISM data has been the best predictor of where the stock market bottoms are because once they're created and we're moving back up in the right direction, then it's safe to assume that there will be a bottom here soon. So I'm not worried about P.E. multiples or things like that. It just comes down to what's the economy doing?"