joining us with more on market reaction, kit juckes and john normand. u both for joining us. john, i'm not sure whether the we don't haveer enough information on the virus -- ore an estimate whether the market is large and ignoring it. which one is it? is it a bit of both? john: it is a bit of both. there is an inability to pry something so unique as this outbreak because the sponsor is unprecedented. is also this anchoring effect that investors have where they feel like they hike in the general demand shock. they have seen these shocks only last quarter. the marketnk reactions are completely irrational or complacent. francine: do you agree? go: the market likes to back to a playbook and then say we do not know. you would have thought that typically the bounce back, once it does happen, is quite quick. the policy response is lower rates, the bond market knows what to do quickly. but there is still a huge amount of uncertainty. tom: i want you to look at the j.p. morgan index, the john normand index. let's bring it up now. this is back to 2000. this is a