markets are very nervous. and that volatility has come in because we ve seen dramatic falls in oil prices. that s had a big impact on emerging market currencies, and it s also, as you know, hit the big oil stocks in the s&p and the dow here. so really we re looking at the federal reserve for cues as to where to go next on the risk story. volatility will remain the watch word, i think, for the next 48 hours or so. i want to move you on i mentioned emerging market currency being hurt. the russian central bank has hiked interest rates to a whopping 17%. 17% as the bank tries to stop money leaving russia right now. the ruble lost 10% on monday. it has seen dramatic falls prior to that. that was enough to break the nerve of the central bank, which reacted to try to support the