bernard arnaut is the world's richest person. shares plunge after the company reported disappointing news on bookings, what it means for the meta-verse. on "barron's roundtable," ben levisohn, carleton english and jack hough. it is so overused. was jerome powell the grinch last week? jack: you told me you weren't going to go there. the market got ahead of itself a bit. he didn't say anything we didn't know. we got a 50 basis point hike. we know rates will go over 40% and they will stay there for a while longer and the market freaked out about that because it had a nice rally off of the october lows and might have to do a little bit with what we saw, pointing to a weak economy going forward. jack: you can't fight the fed. at this point should investors be conservative until they start to sniff out the pivot will happen? jack: investors have to stop thinking about the pivot so much and focus on statistics. the pivot is not good for the market. stocks could average a top of 16% from the last rate hike, we don't know which is the las