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The Last Quarter, Q One, Is a Bummer
The market has crumbled pretty steadily from the first of the year, and just yesterday was declared a bear market. In a typical bear market, lasts quite a long time a before the market is back up to where it originally was. If we are in a market place very similar to the 19 seventies, which is a coherent argument that we have inflation and an economy that's not not ticking on all eight s s, then we have what's called stag flation. And i think you've got to be really careful right now that you're not trying to make investments that you don't understand or hoping that something is a good deal because it went down.