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well that's right Kelly and we all had an anticipation of a correction especially after the robust 2021 that we had but the severity of the drop and the the rapidity of it how quickly it happened if you look at those charts things have been relatively mild the second half of the year but the first half was was a devastating drop we hope that this this recent Trend we had of choppy directionless uh certainly not a robust positive bull market but at this point we'll settle for choppy finding a bottom settling out sure and then hoping mid-2023 offers a little more optimism you think and I I feel like you're right in this you think the key is going to be wage growth so kind of what I hinted before the job Market's still quite strong look at jobless claims they're still basically fine by historical standards what does that tell you how does that illustrate the quandary we're in it's a quandary for Jerome Powell because oil prices have leveled off commodity prices have come down the supply chain is working out you're getting discounts at furniture stores and all those goods that we had driven up in price but what's not coming down our wages and he has said as much that they are not going to relent on their anti-inflation push until he gets indications that wages have been suppressed or at least at a normal run rate I know that sounds cruel and it's unfortunate for workers who are finally enjoying wage gains but wage gains are bad for inflation bad for corporate profits and not good for stocks yeah so where does that leave you in the market then Bob highlighted some of the sectors that have everyone wishes their whole portfolio was just marked this year where are you for 2023 well we like financials but I think people need to slow down and ask well there's a lot of different types of financials and when I look at the risk of a recession I don't think it's going to be a deep recession but if there's a risk of recession I don't like Banks as much as insurers both benefit from higher rates but insurers don't have revolving lines of credit they don't have Consumer loans their debt is long assets in real estate well thought out we hope but well thought out real estate that can navigate the office gut and they're anchored in long-term assets not subject to short-term economic Cycles so higher rates benefiting their huge Bond portfolios yeah finally giving them a rate of return and they can avoid the recession shock that consumers feel that Banks may feel Anna we'll talk about this next hour and they're raising prices and you know that could again flow through to the bottom line so you like insurers where else would you be I mean and are there areas obviously we've seen the correction in high valuation...