What's the Catalist?

Bad news is not going to create the liquidity event shock that creates these massive market down draughts. The widespread public realization that russia ukraine is not about Russia, it's just one little battle in a much larger war would be the source of your downside. But i don't think it's all downside from here, at least not on the short term. And i still think that there's room for at least some sort of re testing toward forty, forty 800.