Sagar Enjeti

That even if there is some sort of, you know, correction or major dislocation in the capital markets, that someone will step in to help because that's what happened after 2008.

That's what happened after COVID.

And they also saw after Liberation Day last April,

that President Trump seems pretty sensitive to the stock market going down and backing off, which, of course, coins the whole taco trade.

Yeah, I mean, to me, we have a lot of eggs in one basket.

You asked about the layoffs.

You're seeing some people speculate that if the numbers aren't going to work out for some of these firms, that maybe they have to trim right now in order to keep justified evaluations or adjust their accounting numbers.

We've seen things about depreciation of chips.

I don't know how this is going to play out, but I hope that those who made big money during this, that they are not rescued even as the rest of the country really ends up suffering in these downturns.

That's my hope, and I think I'm advising everyone, let's be on alert for another bailout

of those who already have money and power.

And let's instead figure out what are we going to do if the proverbial downturn hurts everyone?

What are we going to do to safeguard them?

And I think that is a question where people of every single political belief know is a big risk.

Well, I don't know.

I think the question I have is there seems to be no one who wants the music to stop.

Because we have so much riding on it, it almost feels like the investor class knows there's no other option than to keep pushing this up.

So you start worrying about is that grounded in reality?

You know, the finance person in me thinks if there is not cash flows that are going to come to justify these valuations, in other words, is it mostly vibes and hype?

Often it's true at the early onset vibes and hype are really, you know, it's a big part.