The buying uptick, do you think it has legs? Predictions re: next 12 months of growth aren’t great. Seems like everything is contracting right now, jobs, spending, contracts, etc.

I don’t want to be pessimistic. Price ratios are COMPELLING. That’s exactly what we want to see.

And I agree — sharp correction would be better in the long run. Let the market adjust.

So much hinges on the broader economy holding together, another $1T in charges on the way in banking alone (we’re through about $300B).