The Correction of the Market

Last year your team and you did a very, very interesting analysis I find where looking at what looked like very, very frothy evaluations across the public markets. The top segment would were significantly overvalued compared to historical valuation multiples. Has the correction of the market predominantly been in that top third of significantly overvalued companies? We had a compression where the dispersion has gone down or was the dive across the board sort of the same so that those lower-end companies that were actually already undervalued also continued to go down.