Fasten seatbeltsI was analyzing a senior U.S. stock today that is down almost 50% from its 12 month high but is only barely profitable - extremely high P/E multiple. And there are lots of companies like that these days. That suggests to me there's still a lot of "froth" to come out of a lot of stocks over the coming months but, of course, there will be relief rallies along the way. The volatility should stay high until this has run its course. Not fun - but it happens.