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Broadly speaking, as you know many of our markets are either at or near cyclical peaks in our view, which means that inevitably we will start to see some of these markets decline.
I think it is highly unusual to see the CEO of a major large-cap firm explicitly telling investors that revenue and earnings are set to fall. In a vacuum, that is to be lauded. Honesty is a breath of fresh air in markets and it makes my job as an analyst a lot easier when I do not have to combat the