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Our next guest says buckle your seat belt.
We're only halfway there when -- looking at pullbacks Doug Ramsay is director of research and co portfolio manager.
At the -- -- group market buddy Steve political good to see you -- -- you work with them and and I don't know what do you mean that we're only halfway to the downside here.
Maybe not even half way at least in terms of market losses but I think we maybe two thirds.
Of the way or more in terms of duration remember the that peak of most of the averages was way back the end of April.
And I wouldn't be surprised that this whole thing is over within a couple of months but I clearly we see.
Much more downside on the S&P I think there's a good shot you know we we put out a piece.
Saying that the the SMP could lose -- did it before it's all over so -- if -- say how true only if if you think things are gonna speed up worried for a Big Bang of an Andy here are way.
Well the you know think of the S&P 500 and the -- you know relative to the global markets as this sort of big.
Defensive consumer Staples stocks we have much higher -- -- Consumer Staples health care in utilities.
In this country so if you look at the damage inflicted on the rest of the world's equity markets their party there I mean a lot of markets are down 25 to 30%.
Cyclicals even after today's move are still down 45%.
You know it's it's really -- the safe haven hold -- that I put bonds that put gold and -- put the S&P 500 all in that category and I think those will be the last the fall.
And He says what was it digit on the S&P just going to -- to three digits all right take good to see you thank you so much for your perspective Doug Ramsey.
With the Booth told --
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