Rob Armstrong

I mean, I would say you've put your finger on the terrible scenario is that the whole situation is predicated on the Strait being open sometime in June, say.

Right.

Just wide open in June.

If it's closed shut in September, what do you call it?

Squeaky bum time at that point?

It's squeaky bum time.

Katie, let me interrupt you.

We should be glad it's not.

The market is in a sustainable place right now, and that's something to be celebrated.

Bad vibes plus good earnings is a market I want to own, right?

Because good vibes turn to bad vibes, right?

And you can't predict when.

So if the vibes are only so-so and earnings are good, that helps me be calm.

Well, I wonder how much it really helps investors.

At some point,

The information is just causing a lot of mindless trading on increments of information that actually aren't that important.

And to the degree that investors could keep their eyes firmly locked on the long term rather than the tiny squiggles that happen in a given quarter, maybe that would be good.

By the way, I'm sympathetic to your point.

It's like...

The U.S.