Jason Ware

So you can't get too negative.

And this is why I was talking to my team about this a couple of days ago.

So we put a little cash to work on our most recent buy, putting cash to work at Albion was on the 27th of March.

So it turns out that was the bottom.

It's better to be lucky than good.

Yeah, we nailed it.

But the way we saw it was like, you know,

For this particular situation, the war in Iran, pessimism, the market's gotten too extreme on pessimism.

It's all surrounding war equals oil and fertilizer, which equals inflation, which equals recession, which equals stocks down.

To us, that directionally didn't make sense.

In addition to that, to your point around taco, I mean, this idea that there's this Trump put in the market.

We were calling it a Trump put, and then the Financial Times came out with taco, which is way more fun to say.

But early on, we called it the Trump put.

And so for us, when we were looking at the prices just a couple weeks ago, we were like, you know,

We're at the point where I think Trump is probably starting to feel this.

We had treasury yield.

Let's not forget.

It's not just stocks.

It's yields.

We had oil over a hundred.