them risingyou saw 38%. they rose 757 basis points. that is an incredible move. getting to the point with glencore where there is some existential questions being asked about this company. as you can see, with the charge of a broader, people are starting to wonder, while equity holders be left with anything? alix: you made the point that september 16 is when they issued more shares. they are now down 46%. who would want to against -- invest at that point? joe: we talked about biotech. this is a chart of the etf -- of the health care etf. normally health care is a defensive category that does well in the time of work in panic. that is not the case at all. it has absolutely been getting slammed. the point that dan green made was biotech is now 20% of the health care index. at one point, some years ago, it was only 8%. it was very safe thing. now when you buy into health care you buy into a lot of speculation. talk about the m&a and the home and the speculation around that. as you can see on the charge, it is not the defensive sector many think it is. alix: thank yo