> We can't really say that any individual point in time is "the" bottom, but it's obvious just looking at pricing data that we are at "a" bottom. I don't know

> We can't really say that any individual point in time is "the" bottom, but it's obvious just looking at pricing data that we are at "a" bottom. I don't know if we can even say that. It's entirely plausible that the market continues to move down for months or years as the economic reality starts to become clearer. When the actual bottom is put in, March 2020 might look like "the end of the top", not "the start of the bottom".