John Mowrey

And as an investor, when you see these large gaps between earnings expectations and multiple compression, that's an opportunity.

That's where you see opportunity.

And that's why you had the massive relief rally.

I mean, the weaker companies today bounce, like, for example,

Home builders bounced hard today.

That's great.

The earnings profile on home builders is bad.

It's not good.

And so it's like, would I want to go out and buy home builders today?

No.

It's like, well, they are up 5% today.

It's like, that's great.

There's a lot of other areas that were up 5% today with really good fundamentals that make sense why they're getting a re-rate because there's been no break in the fundamentals.

And we're just entering earnings season.

So we're going to get a better read.

But I couldn't agree more that all these things ultimately do trickle down and are going to impact how the companies think about their capex spend, their hiring, their firing, all of that.

But ultimately, the companies that are best equipped to deal that have pricing power and those companies that have had multiple compression in this environment are the opportunities for investors today.

I could not agree more.

You know, you push oil toward that 200 mark, the pain point gets exponential.

What is so different today because of the fracking technology, which was actually invented, I'm sitting here in Dallas, it was invented in Fort Worth, Texas.