| fall when i was looking for a 10 to 12 | 4.481 | Jump to 17.199 |  |  | 
              
                
                  | since world war ii you had one | 4.08 | Jump to 39.28 |  |  | 
              
                
                  | eight percent on the s p subject to a | 4.479 | Jump to 53.92 |  |  | 
              
                
                  | have eight of those policy shocks the | 7.92 | Jump to 60.48 |  |  | 
              
                
                  | taper tantrum the end of the taper zero | 5.12 | Jump to 68.4 |  |  | 
              
                
                  | interest rate policy and then the two | 3.52 | Jump to 71.84 |  |  | 
              
                
                  | shocks during 18 when they were | 3.919 | Jump to 73.52 |  |  | 
              
                
                  | average decline was 11 so larger because | 5.121 | Jump to 77.439 |  |  | 
              
                
                  | have one given how hawkish the pivot was | 6.0 | Jump to 90.88 |  |  | 
              
                
                  | the six month future all those things | 4.72 | Jump to 110.0 |  |  | 
              
                
                  | volatility were three standard | 3.999 | Jump to 114.72 |  |  | 
              
                
                  | you've been 100 right on that so what | 4.72 | Jump to 138.64 |  |  | 
              
                
                  | a period of time maybe a quarter or two | 4.801 | Jump to 191.599 |  |  |