if you look at what has kept the market so high over the last few years, it has been a try iumvire of low inflation and low interest rates. we're moving into a world of higher inflation and higher interest rates. how fast that happens and whether or not the economy overheats, whether or not you start to get asset prices falling and people feeling, you know, a little less confident about the amount of wealth they have, and buttoning up their wallets, not spending as much, all of this stuff is connected and you can tell a lot from the bond market today. >> what -- if the market is stabilizing today, then what does that mean? does it mean anything? is it going to be a much longer picture as we saw christine talk about, this correction can take some time. >> i think christine is exactly right. i think what we saw was leading up to this an extraordinary amount of complacency. christine hit the nail on the head talking about the automatic trades that went on. and there was no breaks to be able to even get into the markets to stop them.