The Wall of Worry That Gives the Power to Strong Bull Markets

August of 1982 was the beginning of a 20 year bull market. If you read the newspapers today all you hear about is recession recession and everyone's got an agenda. This bullish percent index suggests to me that you've got the offensive team in the field. You have the football you need to run plays. So I don't see any problems. If this changes I'll change. Right. Now now you had some interesting. Let's talk about 2008 because you mentioned standard deviations. Let’s talk about the S&P 500 yearly returns and how 2008 did on a standard deviation basis. And it was right down three standard deviations below trend right next to 1937. That's why people haven