Some say the bull has already left, while others say the bull has yet to arrive. Based on past trends, the bull has indeed left, but this cycle is definitely different from the past. The biggest certainty for the bull is that the expectation of interest rate cuts has not yet materialized. Do you think last year's three cuts sent the bull away? Maybe, but there is a greater possibility that this cycle is not the usual four years. It could be six years, eight years, or even longer, like ten years. What does everyone think?