Tom Gardner

Investing is one of them.

So I think we're gonna see sections get hurt.

The third thing I think that we'll hit

is we'll have problems with consumer discretionary companies because of wage deflation.

I think if you're a company and you have 2000 employees and you can do it with 250 employees, it means that there's, it's not just the people who lose their jobs.

It's like, there's not going to be a lot of pay hikes going on.

There's, there's a rewriting of employment right now.

And it's a huge transition.

And I think it could be five years before we start re re

settling with new organizations.

I think we're gonna need tons of new companies to be created, a lot of entrepreneurship.

I think we could run into real employment issues.

I know I'm not alone in that, but that would mean people will not be spending as much.

So we'll have a deflationary period as people are fearful and saving their money wherever they can.

Okay, third market collapse to me is cybersecurity.

You know, you have foreign countries that don't like our stock market.

They don't like how prosperous our stock market is and how much wealth it creates in the U.S.

Obviously, we can not go into a geopolitical debate, but we're not making a lot of friends right now out there.

And I think that one of the major forms of warfare, of course, the next rest of our lives is cyber.

And therefore, people who don't like the US wanting to hurt our financial system is a risk, definitely.