The Bull Case for the Market Over the Last 10 Years

The bull case for the market over the last number of years was that money was free and when rates are low multiples are higher right so now you're going from basically zero to 5% fed funds right so you've got to go back to a normalized multiple. Historically is 14 to 15 times oh it doesn't so that's not true but if you go back a longer term 50 years it's 14 to 15 time leaves I think you get down to maybe 15 or 16 times okay that's 3200 in the S&P Jenny may I please go for it all rightYou can discard Tom Lee for all you want but these are the facts okay in the late 19 in the whole like 1990