And if we go back to March of last year when the market bottomed, think of how bad the news was, think of how bad the news was going to continue to get, and yet stocks had already reflected that and they moved higher from that point.
I think at worst, what you’ve got is a sideways consolidation period here, but you get into the summer and you get a little bit more clarity on taxes for next year as those negotiations go on.
10-year and other bonds up and down — we’ve seen the auction — as long as rates stay under control in terms of yields, not Fed rates, you’ll get confirmation in the market and I think the market moves up.
It’s not just the good news, but how are investors looking at this and how are they reacting? So, I’m not selling in May, I’m actually buying, and I’m looking at two things.