"[We're] in the middle of a long deleveraging cycle that's going to continue to be painful," said investor Mike Ghaffary during Thursday's stock rout.
### Instruction: What is the sentiment of this news? Please choose an answer from {negative/neutral/positive}
### Input: "[We're] in the middle of a long deleveraging cycle that's going to continue to be painful," said investor Mike Ghaffary during Thursday's stock rout.
### Response: moderately negative