Hi Zeev It is intriguing to read the vix with the rest of the market. The vix approaches 40 the top in october was slightly less than 50 and we got a very hefty bounce. How do you evaluate the vix readings today? the p/c on equity is almost .8 which is high, do you think that we'll have a mild bounce to correct those number and to recreate a positive bias again (so the market can keep on going down)? TIA for your input IK