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Good to have you here. Good to be here. Not so unusual on the first trading day of the year that you would have a reversal of some of the trends you saw last year. Overall stocks were up and now they are down. Individual stocks did very poorly last you and are up today. That is right. Tried to play the counter trade. Time for a big picture. To tell you what is happening right now, we will start with the s p 500. Down about one percent. We were up six percent in 2013. No one wanted to sell them. Today, fine. We put a little bit of the profitability in our park it pocket. This is a surprise. Right now, the yield is 298, about twoyearm high. That is in spite of that her data. Manufacturing, construction, and jobs, all better. It may be the same sort of thing. You take ons down enough and people will buy them. That in turn pushes the yield down. You take hold down far enough and eventually people will buy it. It had the worst year in 12 years. Today, people are buying it. Everything is run

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