there is more to go on the downside or if this is a squall, however brief and however intense, that may just pass and we go back to the bull market run. on the squall front, can we get technical for a moment? sure. one of the drivers on frid / friday/monday were the funds that had gone short volatilitvo. we had this steady climb, climb, climb, and investors, it became profitable to bet against any volatility. as soon as volatility came back into the market, you saw those funds forced to liquid daate. we had a extreme drop on monday. do you account it to other investors, now that it is working through the system? some investors are forced to sell right away, but others are making decisions as they go alo along. there were midday margin calls for players who borrowed money to buy stock, and they were forced to liquidate. we ve seen hedge funds disappear as a result of that concentrated trade, stephanie, you described