| couple things stood out one is uh feel | 3.76 | Jump to 37.52 |  |  | 
              
                
                  | second is notably absent from that list | 4.4 | Jump to 43.76 |  |  | 
              
                
                  | active users by six percent in the | 4.239 | Jump to 83.52 |  |  | 
              
                
                  | september quarter that compared to seven | 3.92 | Jump to 86.0 |  |  | 
              
                
                  | quarter they've been growing at that six | 3.68 | Jump to 89.92 |  |  | 
              
                
                  | to ten percent range for the past four | 4.0 | Jump to 91.759 |  |  | 
              
                
                  | the daily act to use it by 25 | 4.081 | Jump to 101.439 |  |  | 
              
                
                  | i'm old enough to remember when a 10 | 4.639 | Jump to 126.24 |  |  | 
              
                
                  | pandemic led drop off in 2020 that was | 4.72 | Jump to 136.08 |  |  | 
              
                
                  | 2019 the nasdaq fell 22 | 5.44 | Jump to 143.2 |  |  | 
              
                
                  | term the next three months and the long | 3.84 | Jump to 172.08 | 
                      
                        
                      
                        DATE
                      
                      
                        the next three months
                      
                     |  | 
              
                
                  | term beyond three months and in the near | 5.839 | Jump to 173.68 |  |  | 
              
                
                  | days those ten percent down but down two | 4.0 | Jump to 184.4 |  |  | 
              
                
                  | and a half percent that is a two | 4.4 | Jump to 186.4 |  |  | 
              
                
                  | we're going to raise it four times and | 4.16 | Jump to 233.68 |  |  | 
              
                
                  | make that first raise 50 basis points | 4.64 | Jump to 237.84 |  |  | 
              
                
                  | the market would be down 5 on that but | 3.44 | Jump to 240.56 |  |  | 
              
                
                  | a 20 to 50 basis point move to the | 3.759 | Jump to 288.72 |  |  | 
              
                
                  | analyst so every one percent change in | 5.16 | Jump to 294.84 |  |  | 
              
                
                  | valuation by 10 to 20 percent for these | 4.08 | Jump to 300.0 |  |  | 
              
                
                  | projected percent and a half two percent | 6.0 | Jump to 304.08 | 
                      
                        
                      
                        PERCENT
                      
                      
                        a half two percent
                      
                     |  | 
              
                
                  | dynamic is true about the one percent | 5.039 | Jump to 331.6 |  |  | 
              
                
                  | offset that 10 to 20 percent uh uh | 4.48 | Jump to 341.36 |  |  | 
              
                
                  | important you just said every one | 3.28 | Jump to 364.8 |  |  | 
              
                
                  | percent move which would be uh four rate | 3.121 | Jump to 366.319 |  |  | 
              
                
                  | each takes ten percent off of valuation | 7.44 | Jump to 369.44 |  |  | 
              
                
                  | ten to twenty now uh the uh we've seen | 5.119 | Jump to 373.52 |  |  | 
              
                
                  | some of this you know nasdaq's six | 4.64 | Jump to 376.88 |  |  | 
              
                
                  | one and a half percent fed funds rate | 3.119 | Jump to 381.52 | 
                      
                        
                      
                        DATE
                      
                      
                        one and a half percent
                      
                     |  | 
              
                
                  | that would assume there's another five | 4.959 | Jump to 383.36 |  |  | 
              
                
                  | to ten percent downside to the nasdaq | 3.68 | Jump to 384.639 |  |  | 
              
                
                  | you got a stock 30 times earnings okay | 3.68 | Jump to 399.6 |  |  | 
              
                
                  | actually does it so that's ten to twenty | 3.68 | Jump to 406.16 |  |  | 
              
                
                  | percent three to six so you take the | 4.56 | Jump to 408.0 |  |  | 
              
                
                  | stock down to say i don't know what 20 | 5.359 | Jump to 409.84 |  |  | 
              
                
                  | 26 times earnings instead of 30 time | 6.639 | Jump to 412.56 |  |  | 
              
                
                  | karen yeah that move from 349 or so to | 5.599 | Jump to 462.16 |  |  |