The Stock Market Is a Market of Stocks Not a Stock Market

I expect yes very little, very little over the next few years. But you know I would basically take the position that we're in a market of stocks rather than a stock market. And that really depends upon whether the Fed is really going to try to shoot for 2% inflation. We have no idea how high rates have to go because I think inflation is already down at 3 or 4%. If they're willing to sell for 3 or 4%, you know the stock market is an expensive relative interest rates.