there more pain ahead? less as jason chairman stuart ceo of strategic strategy firm. a welcome here and happy new year to you. so, i think after this a dreadful year in the markets, are we going to see some relief in 2023? was paul i m not so sure. i think for some higher-quality companies that can generate their own cash i think it might be a better year. i also think there s a lot of froth there s a lot of annual spirits treated by free money during the culvert era. we are in for another difficult year in my opinion. especially for companies that do not have a lot in the way of profits or cash flow. paul: your political analyst dan clifton who i follow, he argues the year after a midterm election is usually very good for stocks, historically speaking. why could this should be different? well i think this could be a little bit different because normally in a presidential election cycle, administration take the hit earlybird to make the hard decision early in the grease the
speaking. why could this should be different? well i think this could be a little bit different because normally in a presidential election cycle, administration take the hit earlybird to make the hard decision early in the grease the skids for reelection in years three and four. here, because of the pandemic we spend an awful lot of money we did not have and 2021 and 2022. not to say nothing about the fed did during the pandemic itself. even though we just pass this monstrosity of an omnibus bill, it s going to be very difficult in my opinion to get control of inflation but it s going to get difficult to anything a meaningful and the way a fiscal stimulus in years three and four of a president biden s term. paul: will have the pain after all the good times i guess. we had some of that this year. are we going to see a recession is i guess the threshold issue.