Introduction

matrick: When something will burst or not is unclear. The bigger question is, does history repeat itself? Are we in a situation where a lot of factors are in play that will make things potentially correct? We'll see where we are a month or two from now. There's slowing growth with rising inflation, which means that interest rates are going to be er increased. A new generation of investors came in during lockdown who think that you can only make money in the markets. They've lost the gains, but they haven't lost principle yet. So i don't think we have seen a real what is called a capitulation.