Consider the circumstances where the dow dropped and nasdaq is down. 04 and think about it were on the verge of escalation on the raid war and our countries is divided like no time since the civil war and the yearnings are barely expected to be up and two contenders for the democratic nominees have problem with big business and the market is still in bull market mode and it keeps climbing. First, you got to remember a year ago things seemed incredibly bleak the Federal Reserve decided to hit us with a series of rate hikes right when the economy started experiencing turbulence and it got obliterated you could see that there for most of 2019 we were rolling back to 18 losses. S p 500 got blasted from 2937, that was last october, down to 2346 at the lowest last december, pretty soon were going to annualize that when the fed got a clue and changed course, it came back like a coiled spring which is why it is now at 3135. Boom fed gets religion, boom like that of course i dont want to blame
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Operator: Thank you for standing by. This is the conference operator. Welcome to the OpenText Corporation First Quarter Fiscal 2024 Financial Results Conference Call.