495 We can make no clear conclusions on how much further markets may decline. We do know that this panic will subside but don’t know if it will accelerate before it subsides. Anyone claiming ability to be able to predict the future in this field has self-awareness issues. While many public market commentators and investment bank strategists were calling for a market correction, no one stated a respiratory virus and a Saudi-Russia oil price war would be the cause. Corrections are caused by things that we have not anticipated. Throughout my more institutional investment experience I have seen time and time again predictions about the future which were consistently and often significantly wrong. There is clearly a lot of uncertainty today. But there is always uncertainty. There was uncertainty in 2007.  We just didn’t know it until 2008/09 came along and the uncertainty was suddenly reflected in asset prices.