 This shock has occurred at a period of time where there are other uncertainties in the global economy. US economic growth and earnings growth is slowing down, uncertainty is about the Fed, question marks about the Chinese growth and their debt, other issues regarding economics in Japan. Some emerging markets are fragile. So this shock occurs at the time that there are also other tail risks in the global economy. So I expect that the volatility is going to depend and how much is going to last on, first of all, the policy response, monetary, fiscal and otherwise the European Union response to this shock and also whether other developments in the global economy imply improvement in economic and financial condition or a worsening. But the volatility is going to last for a while.