whichg at the plaques commemorate those who have died in the service of the organization. he once said of this room, it has been the end it to create in it, a place where the doors may be open to the infinite lands of thought and prayer. the holy father and the secretary-general now together, going into the meditation room for a moment of prayer. when economical -- people'sl items are on minds. this is surely a moving moment. and inspiration. and you are looking at the famous pendulum, the netherlands. shows theum which manifest proof, the movement and rotation. inside the meditation room, the secretary-general now emerges. they perceived to what we call the ceremonial staircase, which leads to the balcony, where there is an entrance into the great hall of the general assembly. in the general assembly hall, the president of the assembly and has to the assembly left the hall to go to the top of the ceremonial stairway to greet the pontiff when he arrives. it is, of course, up this stairway that he will pass. heads of state have come to address our meetings. they have always

market and chinese equity market correlations were whichg to six-year highs, is another signal abouthat is at work here and driving volatility. joe: correlation is a big theme for you. alix: correlation is a big theme for you. what i find interesting in the current market, the divergence between health care and biotech, what is going on there? divergencecept of and lower correlation among sectors in the u.s. equity market and single stocks is a healthy sign. you are seeing higher volatility surge, but not indiscriminate selling. it tells me that going into august we did not have this leveraged bullish position by a a lot of big traders, so it scenariorisk-office where there are saying get the cash as soon as possible. the financial crisis, you throughout everything. are not at stocks the same level? >> there are a lot of things that are not getting aggressively bought, but the lack of correlation here -- if you look at the relationship of realize correlation relative to lows,x, it hit lifetime which is interesting. the vicks is going up, isrelation going up -- vix going up, correlati