00:00 Speaker A
You know, I do think though, um, I just keep in mind past performance is no guarantee of future success and and and I’m not saying that is a boilerplate, my compliance guy over my shoulder thing.
00:12 Speaker A
Um, I think what’s gone on that I think people have to appreciate is buying the dip has worked for what, 15 years straight, pretty much.
00:23 Speaker A
You know, not necessarily every trade, every tick, but it it and it’s very ingrained in people’s psyche.
00:29 Speaker A
And unfortunately, you and I have the scars to prove that it doesn’t always work all the time. And I think the more people are convinced of that that it will work, the more dangerous it becomes for when it doesn’t.
00:50 Speaker A
Right. that but I can’t tell you when it won’t work. I mean, we’re we we laid out the whole bond market thing. Maybe that’s a problem, maybe that’s a time it doesn’t work.
01:00 Speaker A
I don’t know when, but just don’t do don’t do stuff reflect I guess my my comment there would be, don’t do stuff reflexively just because it’s worked before.
