 Let's go to a gym and palm hobby. Hey Jim. What's going on? Hey guys, how y'all doing today going good yourself Jim? Doing good. Hey Tommy Just wanted to check with you on the company called snap, you know snapchat NAP That's that's what y'all. Okay. Let's take a look. We got snapchat It's SNAP the low for the year is nine dollars and sixteen cents. The high is 1975 So let's see pull this back for So you thinking you're dipping your toe in here that what's going on? Yeah, it's pulled back to Kind of a little support area. I don't know if it's going to hold there or not I'm not in it right now. Just looking and I think it has potential No, yeah No, I can see just saying I I would you know what's sitting out here Jim is that that looks like It's at the middle of September it looks like October that 12 dollars and 71 cents. I mean that could get hit pretty easy That's the bottom of the consolidation. So that you know it try to well you had a nice Weakest strength on in in June you came back down You went above that area with light volume, and then you see how we came back off with big volume And that big volume you came off with just so that's an earnings Tank in that week. Yeah, so I mean I just they were below that level even now So yeah, and I would I would wait to that bottom of the consolidation That I don't think this this down draft also is gonna not gonna be a one-day wonder I mean, I know everyone suspects not everyone but the dip is expected. That's what's gonna happen here But you know when you look at the S&P This is broken a few times You know another real kicker is gonna be like, okay If we take a look, you know, we're talking about, you know, the the dollar and the way up for a long time Jim How you you know this this broke a major trend line with conviction You know I can make the case that the spy wants to go to 284 and we're 324 So Okay. Yeah, I'm actually pretty much out of everything now. I got out last Thursday and Friday You better come work for us man Keeping your nose dry man totally that is so cool. Well now you're gonna be itching You're gonna be itching to get back in so now you know now you're just gonna find the biggest stocks out there I think you know when you get down draft like this vote, this is the time that you know, you do want it To me would I know bones been a mess But this is the time that you want to go after these monsters that are gonna be around forever You know what I mean that I would agree if you're long-term buyer, man, you know, you know And the real question is yeah, okay, you know bones down 11 bucks out here today You know, I think we'll go to 292 year 318, but you know when you get large downdrafts That's what I think if you can get these big S&P equities, you know, you're your probability is a lot better that you know You're gonna get going, you know the what we've definitely had is that The growth stocks, you know like a rocket ship. There's no doubt But what also ends up happening is that when they go south, you know, it basically does quite a bit of damage in general, you know so and I wouldn't I wouldn't I'm sorry Oh, I just gonna say speaking of the spy IVV type S&P 500 Where do you think it'd be a good place to get back into that you're saying that you think this Pull back a last two or three days more or so? I Don't see as a one-day wonder. Let's put it that way Normally what would end up happening is this is that you know, we're down so hard today. Yeah, I could see a little bounce I mean, we'll get a bounce out of here somewhere, but to me that you know, this is The trend line is broken. We've already got two warnings and that's what normally happens at major highs Okay, you got a warning going all the way back in November. We got another one at the beginning of January You know and it's like okay, man. This is it. They've been unloading this thing, you know and last week I don't know if you when I was on the year. I believe was Tommy and I or I was on the afternoon You had that sell down and the ETF the it's not the spy. It's the other it's the someone sold 598 million and One trade, you know, so that you show that and yeah all the other volume just disappeared because of that one was so large Right exactly so that is you know, they've been you know normally when that happens They've been moving out equities for a while, you know, and if that's the case what ends up happening is that? If funds have already moved it out and they've decided okay, they'll come back in but they're not going to come back in just In a small shallow retracement like this You know so and you know, we've been talking about these bonds What does end up happening the other side of that, you know, there's a lot of moving pieces here You get destruction on the way down, but then you know if in fact the the bonds go or I think they're going to go Well, then dividend paying stocks are going to be worth money, too You know in fact, let me just look at it I want to look at these housing stocks because what we didn't talk about and that was my point and talking about the interest rates is that housing will go up dramatically folks and What will happen? It will be quick. So that's the the bullish part of it the bearish part of it will be that people feel less wealthy because they're Stock back at portfolios got hit. Okay, so there's going to be the ying and yang that's fighting in there But you know structurally I suspect, you know at the very beginning they'll go up pretty quick They'll you know, there'll be a savings, but then it'll get kicked into the equity simultaneously because what we also have Is that the feds been putting money in but the Fed might have to put a month monster bottom money in now And if that's the case inflation will kick off well, we'll find out whether we'll kick off or not I'd sit on that cash for a while Jim Okay, sounds good. Have a great one. You and Tommy a lot. Thank you. Thanks Jim. We appreciate you calling. Yeah big time No, no problem Bye. Bye. Bye now