The Market Is Not Adjusted to the Current Reality

When a company reports disappointing earnings, the stock opens up down but crawls its way back to unchanged up. That would tell you that the market is corrected and is recognized in New Realen. With the mortgage rates being where they are the housing turnover is slow. So they're getting less turnover and less terminations of their clients,. They're generating a lot of free cash flow and you get some smart ownership there. It feels like people are somewhat paralyzed in the current environment because as you suggested at the outset we're not really sure what the Fed is going to do.