| 911 the savings and loan crisis in the | 5.28 | Jump to 51.84 |  |  | 
              
                
                  | well and folks were like okay that one | 3.441 | Jump to 82.799 |  |  | 
              
                
                  | unfortunately the top five according to | 3.6 | Jump to 113.36 |  |  | 
              
                
                  | top five stocks in the s p 500 accounted | 5.28 | Jump to 116.96 |  |  | 
              
                
                  | for about almost 30 percent the better | 4.561 | Jump to 120.079 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about almost 30 percent
                      
                     |  | 
              
                
                  | part of 30 of the index which is | 4.32 | Jump to 122.24 |  |  | 
              
                
                  | dissimilar to what happened in 2005 in | 6.08 | Jump to 151.12 |  |  | 
              
                
                  | the first half or 2011 in the first half | 6.24 | Jump to 153.12 | 
                      
                        
                      
                        DATE
                      
                      
                        the first half or 2011
                      
                     |  | 
              
                
                  | england raising rates 25 basis points i | 4.16 | Jump to 161.76 |  |  | 
              
                
                  | fed raising up to maybe four to five | 4.239 | Jump to 201.36 |  |  | 
              
                
                  | even a 50 basis point winding down the | 4.961 | Jump to 205.599 |  |  | 
              
                
                  | the first half but this whole idea that | 4.56 | Jump to 243.36 |  |  | 
              
                
                  | stage for the recovery toward the second | 3.039 | Jump to 250.56 |  |  | 
              
                
                  | and i got the 10-year inflation break | 5.6 | Jump to 275.52 |  |  | 
              
                
                  | evens which is i look over are 2.42 | 5.359 | Jump to 277.12 |  |  | 
              
                
                  | evens the 10-year note yielded a 1.8 | 3.28 | Jump to 287.04 |  |  | 
              
                
                  | going to two and a half percent you | 3.2 | Jump to 292.32 |  |  | 
              
                
                  | into into the second half there has been | 6.32 | Jump to 315.68 |  |  | 
              
                
                  | households do is if you want 10 widgets | 4.401 | Jump to 325.759 |  |  | 
              
                
                  | you buy 20. you or i'm sorry you order | 5.201 | Jump to 327.759 |  |  | 
              
                
                  | 20. well the wholesale inventories are | 6.08 | Jump to 330.16 |  |  | 
              
                
                  | led by goods orders by five months goods | 5.12 | Jump to 332.96 |  |  | 
              
                
                  | plot says three times but you're going | 3.599 | Jump to 350.16 |  |  | 
              
                
                  | the first half | 4.24 | Jump to 363.84 |  |  | 
              
                
                  | uh in the second half uh tony i do you | 4.559 | Jump to 365.36 |  |  | 
              
                
                  | we see the s p 500 and the europe 10 | 4.081 | Jump to 375.919 |  |  | 
              
                
                  | our in on december six when we put out | 4.4 | Jump to 381.919 |  |  | 
              
                
                  | our 2022 outlook we called it a plus or | 4.399 | Jump to 384.08 |  |  | 
              
                
                  | 1980 when you've had the s p 500 up more | 3.6 | Jump to 392.08 |  |  | 
              
                
                  | than 25 | 3.121 | Jump to 394.479 |  |  | 
              
                
                  | median gain of 13 | 5.76 | Jump to 397.6 |  |  | 
              
                
                  | with only two negative occurrences so um | 3.921 | Jump to 400.479 |  |  | 
              
                
                  | is super aggressive and the 10 year | 3.359 | Jump to 417.28 |  |  | 
              
                
                  | think in this environment in the first | 4.481 | Jump to 456.319 |  |  | 
              
                
                  | right and you don't feed into an eight | 4.479 | Jump to 472.56 |  |  | 
              
                
                  | three days it's just avoiding getting | 4.0 | Jump to 477.039 |  |  |