difficult to say what's going to cause it. We're even having companies that are reporting great numbers and beating and they're dropping. Once again, I think it's just over concentration in people's portfolios. They've gotten too big and they need to quote unquote rebalance. But generally, I would say higher cost of capital, you know, the percentage of companies in America that don't make money is at an all-time high while the market is at an all-time high valuation. And that's interesting. I love that you brought up deep seek because I also had that reaction. The market got so spooked. And besides the fact that it didn't entirely make sense why it was selling off, given the fact that the software innovations made by deep seek weren't necessarily bearish. If any, you could argue they were bullish for the need for further compute. It just shows you how fragile this bull market is, I think. And it also reveals something else. I'm curious if you agree with this. I think it reveals an (49/57)
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