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The russell 2000 down 11 with the small caps since the watermark on july 31st. It has people wondering with the small caps and industrials down, is that a worse sign to come . Germany is in recession. China is slow there. Maybe we shouldnt be surprised. The fascinating thing is people are writing articles that we could be in the First Quarter of the slowdown. Not negative, but a slowdown. It would be one of the things where it happened gradually and all at once. The indicators are not saying that. Correct. We are hearing more and more people and it is depressing with the former fed guys, the smart ones we had on. Daniel. That narrows it down. Saying the biggest problem the fed has is they dont have a crystal ball. We know that. We need to remember that. If you are looking at three months or six months ago and making policy decisions, they will not be at that rate. I dont know what is better. Maybe some rules based regardless of what your gut is feeling. Sometimes that doesnt always wor

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