Avsnitt 545 - Drakar lyfter i motvind

0:00Just what is it that you want to do? We want to be free. We want to be free to do what we want to do. And we want to get loaded. And we want to have a good time. And that's what we're going to do. But wait baby, let's go! We're going to have a good time. We're going to have a party. Sixth episode of PhilOr Nod, many other companies have also gone troughed, it seems to be but for the week was it a minute and on the evening came this for the sake of the which was less than many had expected very tricky so that we are going to do it all together in the episode we have a short talk with Felix where we summer, or he summered a little of his thoughts and then we thought we'd go through a little what we're doing after this and what we've learned Yeah, exactly And then we're going to a little bit of an episode on it I've looked at a little bit on CoinShares I had a little bit of it, they're going to go back Then we're going to have a clan to not to see, then we had the biggest biggest increase in the ever since on a US dollar, I think it was 7000 % I don't know that you were long then I was going to go to the end of the day Okto And then we have a little Apple and Tesla I want to talk about Tesla You want to talk about Apple We have a little satellite We have a little bit of gold and silver It's a real deal there Exactly And then we will talk about NFP-siffror That's coming on Friday And it will be a CPI-siffror on Thursday All right, inflation in the USA And it will be the last siffror in the Fed So, it's been a mad episode Jajamän, we'll take it on

2:12We are sponsored by Saver. We wanted to talk a little about their international market. They have 20 market that can easily handle digital in the app. I wanted to talk a little about Canada. It's the first country of Canada. number one. Lundinarna has almost all its own company in Canada. Guld - and silverpris has been on the market. It's a jungle of mining companies. There you can find very interesting companies. You can find companies that produce and you can find companies that are on the market. With Saver have their mortgage. It's 1-99 on all markets. It's low value of 0 ,19%. Then it's just to find out which which is what a company in Canada is investing in.

3:03It recommends that you buy a bunch of companies there. Especially if it's Explorers that don't produce. But it's a huge increase. Many of them have begun to move very much. So I think that you really need to go to Canada's business now when the company is so hot. Absolutely. We talked about it in the last week about miners. They continue to do it. The market begins to have more miners. but it feels like it's still in the middle of the way. And Canada is the place to be when it comes to raw value. I have chosen Italy and France. It can be odd. France has a stamp of money, but it depends on if you don't buy it so many times.

3:43It doesn't matter if it's a company that's called Avio. It's called Avio, which is the first company of Avio. It's the first company of the rocket production and development. And with the hotel, which is a satellite operator in France, so they are together if you are long them it's like you are long at european spacex and it's interesting because the budget in Europe goes against we have our own and our own gear and especially in the supply chain you can see it's there Iris 2 program where you want to pay a lot of money on that we should build a own and then it's also that we have satellites and rockets I think I don't think we will be so based on the USA we will build our own and it can be done via Saver because you have access to different markets so you can get different things in Europe and it's fantastic and it does as you mentioned to a low-cutage 1-99 kronor on all markets low-vexings-a-gift 0 ,19 % and there are 20 different markets to choose but I chose Italy and France I care for those two companies that have been in the respective countries.

4:57Yes, so it's just that if you don't have to be able to get to the company, get to the company, get to the 20 markets and find some exotic companies that you don't know anymore. Thank you, Saver. But remember, investing in your risk is not going to be able to get back your investment. Thank you.

5:45It was a binary option. It's sad when it feels like you got it when you got it. It was good. And then you've had so many expectations. And the market has had so many expectations. And then it's a little sad. It's a lesson. But it's just to go back to the plop. What do you want to do? How did you feel when this came? Or how did you feel? What did you think about it? I saw it on I saw it on I had to sleep on the TV when I saw a bad movie and I saw it on the phone when I was going to go and go and go and go and go and go and go and go and go 5-10 over 10 and then it came just then and then I probably didn't so much just the night because I thought of all of them and how it was a little and then it started on the morning at 07.30 I started to ask how much how you see it.

6:45The case of this was that it would be a good settlement for Samsung and Apple. Now they have seen what patent is worth when they see settlement summed up to Samsung. The fact that it's much better than Apple has been extremely diminished. So the whole binary option and explosion on the upside is borta. It's clear that now the company's value to 81 million and they get 20-30 million from Samsung. I don't know if it's going to go up so much more or if it's so much upside Just now it feels more like it's time to go back What is your feeling? Why could it be so much so bad?

7:29It shows how much you can do and how little of the chack-bred we saw a very little We saw a little bit of the evidence. We saw the report and some documents that had come. But we had no idea what came to discover. It was nothing about how the advocates have discussed. And it shows the risk of being able to get into something where you over-told your own knowledge and the evidence that you read. We got right on that they won, but we had a lot of wrong about what it was worth. What patent was worth. And it's a little bit. And one of the big things that you can't take with is that Neonode has never driven this.

8:10It's another agenda that has been done here with some other demands and requirements on the block. Exactly. And the agenda has not been done. And I don't know what it had gone if they had gone to the domstol or how the situation had been looked. But it's a trist. It's a trist, a slupper on a business that created an interest. It had been so much more than it had been a glatt, or a slupper where people had not been torqued 80 % or 70 % of the money. That it just became okay, it had been so much more than it. Yes, really. But we'll thank you for all your time. Okay, there. Thank you for the time.

8:59We'll see if it will be next time that we'll go out and talk about an aktie. It'll be a good time. Have a good time. Thank you so much. Yeah.

9:15If we ourselves should be able to talk about our thoughts of this, or we were going to talk about what we've learned before, when you've had big big and when it's not been as you've imagined. This is not the first time that a lot of an aktie goes down. You've been with it very many times. It's very easy to try to get some kind of confirmation bias. All that's who's going to do an aktie hope is on that it's going to go up. So it's very easy. I'm like a lot of people. You have to take it to when someone says that an aktie is going up. much if you're already a guy. It's clear that you're listening heller on the one who comes with a lot of negative stuff.

9:55And it's the end you're listening to are the ones who come with negative thoughts also. So it's and then, especially it doesn't matter how much you listen to it's a a lot of things. You and I have been on to when you have to come up from the sängen some days after. Tidigare in the car. And And it's the end that you can do Is to analyze what I did for a mistake And In many cases So you can't get out the case In itself As we have said You can't American juridic You can't have tried to see it It's a lot that You can't get into it and try to read it But there I've been saying I'll never understand it For juridic is special I can't It's not logic It's not logic It's not logic It's not logic It's not a lot It's a lot It's a lot How much will the advocate Or will they have to pay What are the ones that are Nöjd with So it's a lot of other Faktors That's really And then Logically So can you think, when you look at it I mean we sat in the first episode and talked about What we thought about and what we didn't think about What is it that's not the same thing But then Everything goes down to risk management Yeah, exactly And all that is a little what you have for situation Many have often A loan Then it's a little easier to go all in But it's a lot of things that you have to go all in That you never need to go all in or anything.

11:42How good it looks so you always have any form of diversification. How good it looks. It can look trough. We have talked about it before. You have talked about it before. You have missed things like action that just goes and goes and goes. I have mentioned it a lot of times in the pod that when it goes 100 % so you can sell half of the half. In the situation, you have to pay to pay attention to the money. But it makes it easier to be with and see things. But then you have no private gift? No, it's not so. I'm not sure. So, yeah. It's the first thing you do in a case is how does the future look?

12:24Will I just go on or will I be on the other side? And here it's like a lot of the whole of the company has been done in this. So, yeah, then you can't put it on the floor. And the problem with the company is that it's 10 000 other notary public that can do the same thing again. it's just to find them. So you should just take a step back and summarize how this will not be again. Or you should have been prepared for this. That it is a super-finish case that can happen to do as well. But if you're just interested in such a then you can find new super-finish case. But you can just find new some interesting things.

12:59And you can't even get into anything again. You can reflect a little bit and then come back again. When I'm more som trader, då kan det vara mer att man antingen har gått på en långsiktig smäll, vilket man har gjort massa gånger och lärt sig många läxor av det, aldrig litar för mycket på ledningen och liknande. Eller så är det en kortsiktig trade som man har gjort över dagen och då försöker man ju lära sig av det. Men då när man håller på med min brödföda tradingen, då är det ju mer tillbaka till lite lågrisk, tillbaka till och bygga lite självförtroende igen. Håller man på med långsiktiga investeringar, ja, då får man väl komma fram till vad man vill ha risk-level and find new cases in the segment that you're interested in.

13:40And when it's a symmetrisse or a binarious case which we've defined as an option the last year since their business went to hell, or that you've done to trust their own business, then it's a very binarious case. It's a lot of times when you're up or down. And then, as you've sold out, so that you've got some of the things you've taken back, and then you can play with the money. It's the logic that Biotech invests in the most asymmetric spectrum that you can be in. And there is a segment where the companies often go down very much or they can do these sjuka reasons. Exactly. And what it is about when you have a portfolio and invest in the sphere is risk management.

14:29You never know how a study should go. so that you can take home, spread out, diversify, etc. And then there are some who are super-ducting and can really learn what you're doing on a certain indication or so. It's over for us. I want to say that. But just risk management, and you can just go back to when you've gone on ordentliga nitar. Hur hanterar man det psykologiskt kan vi kanske komma in på. Och min teori är att man tar några dagar, summerar hur man kunde ha gjort det annorlunda. Inte nödvändigtvis säga att man inte behövde syna utfallet, men kanske då som jag menar med risk management med vad kan jag syna utfallet med?

15:29Och sen har man kommit fram till some comments on paper what did I do for a mistake? Then you have it on the left you can click on the phone on the phone or on the phone or on the mental phone and then you go on the phone then you don't know more you know people who have got to get into things and then you don't know it and you don't know it and it's not a good solution but you can quickly take the lesson and then you can go on the phone It's hard to say than done And it's clear that it's going to take time And the focus must be on such things But it's up on the way And another thing I want to take with me here It's that the market and capital markets Are so direct So what I think about it was probably That it never became any American interest It was just the svensk Had it like, upenbarligen Funnits ett supersoklart case Funnits spaniorer och fonder Men då hade det väl flockats in Massa smarta hedgefonder Eller juridiska folk Som bara kör massa patentcase Då hade väl de rusat in det här Och det har man inte sett någonting Så det kanske man ska ta med sig till nästa gång Att det låter omöjligt Det är så när jänkarna investerar i massa svenska bolag Då skrattar man lite åt dem Och här var det bara massa svenskar Fast nu fanns ju svenskkopplingen so that it was not so weird but it was weird that no other had the case than the svenskars yeah, maybe it's hard it's hard it's a binary case it's always easy to say a lot of self-sacrific after all when you know what the fall it's a reason it's a reason why they didn't have all and it's because they have reached a relationship with Samsung it's a few companies that do it they went through patent Patenträttegången, also patent hos deras patentverk, de vann det alltså de här IPR-processerna bara där faller ju 90 % av bolagen bort som försöker stämma Samsung eller Apple Så det var ju liksom själva beloppsfrågan som blev totalt kaos, inte om de hade rätt rent patentmässigt Nej, precis och det är väl just beloppsfrågan som vi aldrig riktigt har gått in på för att jag kan inte det, men jag tyckte att de förklaringarna som kom ut lät ju logiska, ett avtal and then times the number of products.

17:57If you don't know more than so, it's logical. I thought I was going to find a bad thing on it. I mentioned it for the week, 1 billion. It was why I had been able to get it. We thought that it's the way that the price of the price is now. We didn't know about more than 1 billion. Now it's 20 million dollars. I learned that it's something that's called Hollywood Accounting. It's when you play in a film and you take a little cost. and then you can either pay for the big stock market or netto, or all things will be and it's the same here. Man has no idea, but Aceritas can sign up for 1 billion dollars.

18:33It's not done, but it stood out that it was a brokerage feed, it was the one or the other. It could have been any block here, it's not the big sum. But Aceritas has got at least 300 million, maybe, of kronor. and it's a house in Beverly Hills for them while the expectations of the Neonod was much higher so, will you say some last words how to go on this or what should you buy for next case I will find something but it feels like it is in the market in the market so, it was a lot of it was a lot of fun to do it on this way and it was a Spännande resa med Ett väldigt tråkigt slut Absolut Men det är en del av börsen Det går ner bolag hela tiden Precis Sen gick 10x på 5 år Trots kraftig utspädning Trots kraftig utspädning Ja så att Det man ska lade Men det är risk management Ja Och om vi hoppar vidare så handlade jag Coin shares igår Allmänt har crypto come down a little But here it's been talked about I've seen that I've seen that It's going to be a lot of companies We've seen Circle That's been a stable coin That's been a fantastic market After IPO And many other crypto companies Have been super-willed With CoinShares Who had the XPT ETF Some were one of the first in the world With crypto ETF There was Nasdaq Fringons skull I'm in the middle of the world They've been a lot of companies I haven't really got paid after this It has always been to 5-10 times EBITDA Jämfört with many other crypto companies That have sky high value And now it's going to be a SPAC And you are SPAC-experten here So it's perfect that I can do it with you The actual stock is 130 They are going to SPAC with a US dollar Then they have a 10 dollar And it's going to be a 172 ,30 So I bought this here.

20:41Man understood nothing. It was a classic American prospect. 100 different texts and figures. And the actuals went up. They were selling. They went away on the afternoon. They were bitter that they sold for time. And then after that, so stung the actuals of the actuals around 132. When it was not a bud, you know, you should buy to the American stocks with the SPAC. And now, today, has the actuals I'm a little now. I don't know I don't know how I'm going to do it. I'm going to try to do it. So we'll see how it looks when the episode is slashed. But just now I have a small position. The action stood in 122 when we played this.

21:22I don't really want to do it. They make a real amount of 5 million dollars to this SPAC-pris. But then there are even extra extra. So I got to get to that they come in around 125 and 130. So I thought that I was going to be the first. But the market will not be until it has backed. So this will be about the 17-18 December. So, they have 3-4 months left here. It's a pretty big up side. They have laid up a presentation on their website. They are interested in this. They are paying to 0 ,16 of their AEM. They are about 10 billion dollars. and the American Pears is much higher, like 0 ,6 for every dollar that they have and it has BlackRock, Fidelity Grayscale and then Coincheats 4th largest in the world and they are very big in Europe and Mellanöstern and it's not in the USA and now they want to grow in the USA so that the worst thing you can handle is Pears-to-bearing, look at the American companies, they have a lot of money It doesn't work.

22:34But if you have a US... It will be a US. ...and it's a US dollar that, in a US dollar, 7x EBITDA, P10, it's very cheap for a crypto company with high marginal. And then it's more that in such a case that these are completely out-of-the-one companies. Of other companies in the US. I still don't want to try to count on it. How many extraks that come out and so many things. And then maybe it's for the future of December I don't know But now it's about 40-50 % up Depending on how much kurs goes down To this price It's a very high Rabatt till December But then Babylon, this$10 Is just until SPAC 'en is ready Then you can go down to$1 But then coins' value goes down to 90 % It's just a bit of a deal So you can see The SPACs are 10 ,50 So there are 5 % to It's probably 180 But it's nice You can understand why it's not going to come to a company I don't know how I'm going to do my position It's just a little for billy Just now It's like the crypto so long Crypto doesn't crash totally It's much higher when it's going to be in December Then we're going to do it I don't know if you have dollar-exponering You have crypto-exponering It's a little bit complicated but still something I should look at.

24:02I like that. I think we'll come back to this. This is cool to write on. I need to set them in the numbers. You're the SPAC-sit, so I'm going to listen to you. SPAC-sit was not when it came. So it was not so that the investor had jubed for this. It's not really been that it went up to 30 % on a merger, that you can show what a company you're doing with. Not yet, exactly. Exactly. And... ...and it looks really good. Yeah. So I must... ...när it matters spec, so you just need to read it. It's a good thing too, so you don't miss anything. No, and these documents are long. Exactly. And this I haven't had to set myself in everything.

24:45But the service-kiss is good.

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26:02Vertune Staked Ethereum, XRP, Staked Solana, Vertune Coinbase 50 index, Vertune Crypto Top 10 index, which is in the Swedish kronor, And then there's a Vertune Crypto Top 10 index That's not in euro And then we also Altcoin Index If you want to have Altcoins All right, of which are not Bitcoin or Ethereum And then it's just to go in www.vertune.com Or you can go in www.vertune.com and click on And there's a link Where you click on If you want to start a month And there you go And then you go And which or which Fonder or ETF if you want to choose from Virtune. Precis, and as usual has Virtune a much bigger product if you want to invest in a specific crypto.

26:51There are also Cardano with Staking, 2 % Solana, 3 % Polkadot, 4 % and the new Nair, 4 % and then Avalanche, Chainlink, Arbitrum and Polygon. And these can invest in both via Montrose, Nordnet, Saver, Avanza och de nyaste produkterna är ju den här Fetune Coinbase 50-indexet och den lanserades ju i samband med Coinbase och den ger exponering upp mot 50 ledande kryptovalutor i en och samma produkt och det är ju tänkt att bli kryptomarknadens motsvarighet till S &P 500 eller något av världsindexerna och eftersom att det är en ETP så kan man ha den då i sitt ISK eller kapitalförsäkring och det betyder ju att schablonskatten istället It's much less than 30 % of the wind.

27:39Yes, and it can be interesting to be a month-sparator. Then you can get out the price over a longer period. Yes, exactly. It's a little bit of a curve over time. And you'll get a better score, antagligen. If you're going to get high. Then there's a new thing you can hold out. That Alcoin ETF will be expected to be able to get to Solana and XRP. and I think that we can spread the market and create even more interest and even that they should be able to get staking in Ethereum ETF or that they should be able to get staking in the US ETF and for Ethereum for example can the interest for Ethereum be able to get even more Yes, and if you want to learn more, you can just go to Vertume.com Thank you for watching and check out their new month-spar

28:32Then we have Clanas IPO, we have talked about it earlier I've been a 50-50 How it's going, it's going to be a lot of fun So it's smart to speak here When it's going to be a lot of fun But it's a super interesting interest Their peer-affirm is much higher The price is over-teckned They've got to set the highest price We have flat as a owner But it's a pretty small part Annars are it more Spvs and private people That's a big exposure to this But it'll be a super interesting Noting, it'll be interesting to see if these Pengarna sprids vidare i hela Klustret just nu Så om man kan köpa första dagen Så känns det nästan som att man kan köpa Om den inte öppnar 100 % Men skulle den öppna runt IPO-priset Då ska man nog gå lång Men då tyder det på att aktien inte är så het Så då kanske man inte ska Nej, exakt Men sen finns det väl lite lockup på ägare och sånt Och sen finns det de som har sålt direkt i den här noteringen Jag tror man ska slänga in Lite heta crypto-words Man fattar fortfarande inte riktigt åt vilket håll Klana springer.

29:35De har ju bytt kostym en massa gånger. Så det gäller ju hur de säljer in sig själv till amerikanska investerare. De har nog inte fått den här värderingen i Stockholm. Det ska bli superspännande att se. Sen känns det lite lågt ändå. IPO-priset. Det kanske är för att man har sett vad den har varit värderad till innan. Och Sebastian, det är ett stort optionsprogram som är satt. Det visar väl lite vad... Då kanske man inte sätter det superhögt. Det är det jag tänker. And he doesn't sell anything So cool that he's been able to do it He feels like a big part of this Absolutely It's going to be really cool and spain It's been a long time I think they've had a little of a lot of Every time they've been on the way to the market So the market has calculated I sat up at Bali 12-12 on the night And I was going to handle Spotify And there sat music companies with enormous posters So they would fray out So just because of the first time It's not safe that it can open up or like...

30:34Precis. All it matters about an open. And that we know tomorrow. So it doesn't matter much more than that. I think that investment banks have done a good job here. And you can't do it via the svensk bank. Tyvärr. Then we had Tesla. I think it was a little interesting. It came new data all the time. That it just goes worse and worse in the business. I listened to an interesting pod with Northzone. and there were a little Tesla and then it was more that yeah but this is RoboTaxi and Robotar and they said that they were in the podcast that they were in the podcast too and still is the actual market completely so I'm impressed with the sex-councing in Tesla that the market does not take a bad price but you just live on the future with Robotar and Robotaxi and even there so they don't have to be in front in a lot of cases I all fall Men Jag hörde någon som hade lyssnat på en intervju med Katie Woods Hon var ju superhåsad Så det är lite olika camps här Men jag blev nästan lite sugen på att korta Tesla Men den aktien rör sig ju inte efter Fundamenta Så det måste väl hända något rent konkret I Tesla för att den ska börja gå ner Men det borde vara en bra short Men det tycker man ju alltid Det tycker man alltid Katie Woods tycker inte jag är en Det är liksom inte ett Facit Nej, absolutely not I don't understand why all of us listen to what she says I don't think it's any input It's a good thing It's a good thing I think she did it for her 2021-2022 So I still don't understand why she's still there I just wanted to show you a example from a house-like What did you do with Apple?

32:19You used to be negative there Have you any fun? No, they have Apple Event today They're going to sell a new phone Någon som ska vara ultratunn Någon ny Apple Watch som kommer Och sådana saker, det är spännande Sen hade man ju Google Det kom ju dom där Deras förra event var ju lite Alla deras events senast tio år Har ju varit lite blaha blaha Ja lite blaha blaha Och de körde sin AI-grej förra gången Och den var ju lite blaha blaha Men det var en chatty Nu skulle de kanske köra med Google För ett halvår sedan Eller ett år sedan Var väl Alphabet den sämsta aktien Och de var helt ute and now it's all time high and it's all so that they were like they were also the same but like you can't get them here, Mag7 it's like, it's not Nokia stories here, in any case no, Google has never been Nokia stories people were in it, that it's it's a search for the chat GPT it's like, it's all the time so come back to the company then if it's ETF and everything that drives up it, maybe it's going to be a really capitalized if it doesn't work.

33:28But it's interesting to see how the whole time overcomes, rent kurs - Exactly. I know that all have said that the search will disappear and that Google will be able to and that they will probably be able to in the course of course in the shift against AI. But I have to see that they will miss AI-race. And especially AI it's a lot of data and there can you say that Google sits on very much data. So that they don't can't shift in so that if a search is going to be good in AI, that they don't want to be good in AI. That's not I can't betta on. And Apple, they don't really have been on AI-race as their own.

34:14Their capx in AI has not all been like a big as all the other companies. But, I have a little theory there, how their AI-satsing can see out in the future, it's that they are gatekeepers for that we all springer around with an iPhone. So if you have AI then they sit on the hard part that you will use. I think that AI will spread so that we use it more in the world than when we just sit down for a screen. And then we have our little screen with the phone. And that's it. And then Apple is quite a big part in privacy. Which makes it difficult for AI.

34:50which I think people will not be able to deal with data. Yes, but it can take longer time. But in the end of the day, you have an own AI-assistence that follows your Apple ID, who will learn what you do and just do it on your data. It takes longer time, because it doesn't have much data. But it can be much more specialized. This is long, but I don't think that Apple has missed the ball. It's just that it takes a lot longer time It's well it And Nokia is well Nvidia I think I think For that GBT i fredags Gjorde en deal with Broadcom OpenAI gjorde en deal with Broadcom That they should buy Broadcoms AI chip For 10 billion dollars It's not good for Nvidia And how did Nvidia react to that?

35:39Yeah, the new day I think that Nvidia I think that it's not that it's long I've seen a little bit on shorts but I haven't been shorted yet. But the case of Nvidia has been that all the time is so long after and it will take years before you buy another AI chip and here comes OpenAI which is a golden child in AI and buys for 10 billion dollars of Broadcom. And Broadcom has not been a chance that they are on the way. It was AMD that we all have talked about. But not Broadcom. So it was a little bit of a screwball I think I think of the narrative for Nvidia that they are ljusår framför och att ingen kommer i fatt.

36:17Men tiden går ju. Och med tiden så kommer nog konkurrens. Ja. Sen tycker jag väl allmänt småbolagen känns det väldigt sekta. Man har kommit tillbaka de senaste två veckorna. Det har varit vissa dagar bra, vissa dagar inte. Men det känns allmänt som att svenska småbolag och midcap-bolag har det väldigt tufft. Jag såg han, duktiga Erik Hansén la ut att 90 % av bolagen, the biggest 7000 in the world is over MA200 in a positive trend and in Sweden was it 40 % so it feels like we live in something eget cluster it's like no H &S climate here I don't know what it is if it's a full of the semester we have high rent but it's something that's what we're we're not in in any or it's just a bad in September your calendar you're in some astronomy we're not so many raw company we're not so much AI AI, we have not so much crypto It's like industry and bank I think OMX It's not so deep I think it's more of a of mind OMX is not problem Yeah, but in the mind We're not at it We're fast for three years It's much green tech It's not yet So I hope It can be a little vending there It's not It's not a little bit of new things I've looked at it on the morning It's not a...

37:46You come in every morning and you don't know what you're doing And then you don't know what you're doing And you don't know what you're doing You don't know what you're doing And that's never a penny What do you want to talk about? You want to talk about satellite Or do you want to talk about it? It's another time? It can be a problem No, I don't have so much to say No Then we had NFP The one was really bad Today came the number of the numbers The BLS The one was also really bad So now we're talking about all the savings Yeah, absolutely Absolutely. And NFP, as you said, the one was bad and taking off the health sector, all health services, was in rest of the market at a minus sign.

38:22I can say that in all, maybe not so much, but minus is minus. And that means contraction. So it was not all good. And it was probably a month ago also. And then came the revidering klockan four today. BLS, the benchmark, Mark Rapporten Och då är det från mars i år och ett år bakåt Så reviderade man ner alla siffror Med totalt strax över 900 000 jobb Så Valåret var inte Då stämde inte jobbsiffrorna Märkligt nog, konstigt nog Att Jelen och Biden körde hårt Men Men Det är inte bra Såklart, jag har överhåsat We have overhåsat jobbsiffrorna. But now they wrote down very much. So benchmarking becomes a bit easier.