Is Your Research Having Nothing to Do With Corona?

In the derivatives eco system, there were a lot of people whose strategy was essentially short vall xater. So theya they wanted, they were banking on low volatility in the markets to make spread. And so you became aware of this, and so you thought, oh, the returns will be excise, will be extremely outsized,. if, in fact, s a spike up in vall. That is my firm believing. The next crash that will happen will happen because an unforecastale reason, but will happen because of the same fear and greed taken to its extreme. If the markets had remained fairly stable for one or two years, you would have lost a bunch of money