We haven’t had good volatility for a few months. Such is the bullish nature about the markets that there was a long streak where the S&P500 did not experience more than a 1% drop in prices. It is significant considering watching the markets for 10 years that I did not see a phenomenon like such. And so we have recent distress in the markets that we finally see some drawdown in prices. Since the high of 1990 we end up with prices at 1909. This is a 4% draw down. The magnitude of the draw down isn’t fascinating for me since in 2011 we seen bigger drawdown’s nearer to 16%. What is fascinating is how the general narrative of the public to such a draw down. I wonder should the magnitude get to 10%, what the general public will be thinking. Will they be thinking “We are at the start ......