all of a sudden you get a vix spike, larry mcdonald is here, author of "bear traps report."ou have been expecting this for a long time, it hasn't come, but now here we are. what is the primary driver >> it's a rotation from everybody long growth and now we're seeing a move back to value. you had central bankers around the world that have grown more -- pulling back in combination at least verbally. they have to the yet done so >> are they really >> the comments to me, when you're looking at mario draghi, he's at 60 billion a month, he says we're looking at more reflationary environment in the months ahead yellen, you have to remember, if you're janet yellen, you're sitting there and thinking, okay february, my term is up. i might want to protect my legacy she doesn't mow for suknow for e will be reappointed. rye not try to cement your legacy, pop some asset bubbles and talk more hawkish. >> we also heard from carney we heard from central bankers all week saying get ready, at least their intention is to try to snug things up in terms of policy will they have the opening to do