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And the economy are not related at all. except for two points during the the cycle. one is at the peak of the cycle, certainly in 2007 when we had earnings peak, when we had the economics earnings growth and the economy peak, when we rolled over. they were correlated and they worked together. and the market told for a pullback, at this point, however, the one thing that happened in the last desession, is we had earnings to stock prices and 19, 20 times the dollars earnings and that s a very high multiple. at this point, we re pricing stocks at ten times a dollar earning, half of that valuation and it would be extremely rare to see we have a stop in the economy and to say that s going to turn into the next bear market. that would say that earnings have peaked and earnings have not peaked. but, tobin. but, gary. why were ten times earnings when things are too cheap. ....