Level 1 (employees) and 2-3 are like birds. They’re always looking for small stuff and

they miss the big stuff.

THEY SQUANDER THEIR MENTAL CAPITAL WATCHING ALL THE TIME!

The BEAR or level 4 only wakes up when there is honey…He is refreshed and ready to go in a big way.

When does the bear wake up?

When the market hiccups!

The years 2023-2024 had no real hiccups only -10% over 3 months.

BUT NOW the bear awakens.

Between Feb and April …-17% and 6 weeks…VIX also rising.

THE REASONS ARE IRRELEVANT. Could be growth…overpriced/overvalued assets or the big T.

Only birds talk about ‘tawk’…