Nicole Lappin

So because these are emergency extraordinary measures.

So because these are emergency extraordinary measures.

So because these are emergency extraordinary measures.

So an inventory problem.

So an inventory problem.

So an inventory problem.

Well, we'll have to watch a 10 year, which is I think I think looking at how yields are reacting is a really fascinating part of this whole story.

Well, we'll have to watch a 10 year, which is I think I think looking at how yields are reacting is a really fascinating part of this whole story.

Well, we'll have to watch a 10 year, which is I think I think looking at how yields are reacting is a really fascinating part of this whole story.

So just to clarify, when you say de-risk to our listeners who are nervous, maybe even panicking, de-risk means scooting more over into fixed income into U.S. treasuries, right?

So just to clarify, when you say de-risk to our listeners who are nervous, maybe even panicking, de-risk means scooting more over into fixed income into U.S. treasuries, right?

So just to clarify, when you say de-risk to our listeners who are nervous, maybe even panicking, de-risk means scooting more over into fixed income into U.S. treasuries, right?

Four.

Four.

Four.

So having the dry powder, are you waiting for a 2,000 point drop?

So having the dry powder, are you waiting for a 2,000 point drop?

So having the dry powder, are you waiting for a 2,000 point drop?

Well, when this has happened before, 87 we mentioned, and 08 in 2020, the next five years have gone up 100%.

Well, when this has happened before, 87 we mentioned, and 08 in 2020, the next five years have gone up 100%.