And even adjusted for interest rates, we've broken the 1987 record. We're more overvalued than ever before. But I also tell them if they cannot handle the volatility, then they will have to really get out of the kitchen, because if they can't handle the heat, they're really better off in what their instinct leads them to invest. However, I also simultaneously tell them that there is at real meaning for all of these new technologies and the way they're taking place. I happen to agree with David to the point that there is some sense of gravity to all of this at some point.
Nothing goes up forever.
However, we have to acknowledge that investments in very, very specific leadership areas of technology, telecommunications, semi-conductors, software, and even biotechnology, for that matter, are justified and are tangible. Ash Rajan, David Levy, we have to leave it there, but thank you both very much. All Rights Reserved.