So is America going to tariff itself here? I ask tongue in cheek.

was going to sanction itself.

I mean, as an American, if I did anything in Russia, I would be sanctioned.

So it's quite interesting.

You know, the deal is noise in many respects.

I think it's posturing up for the election.

The initial deal, which is about 300,000 tons, is about 2.25 million barrels.

Yeah,

Yep.

Um, Advanced Micro, Micron, and other, uh, the other memory stocks were, were down.

Um, um, so yeah, it is propping up the market and, and the money's all going towards one place.

Um, it's...

I guess we...

You know, everyone's riding.

In the world...

Mm-hmm.

Does this worry you at all that maybe this is getting out of hand?

Well, a little bit because it's very top-heavy into the memory and chip names.

So if you remove those and if you have a more diversified portfolio, you'll have them performed as well.

So the headline in Korea, you take out Samsung and Hynix, you talk about 100% returns going down to 40%, which is still extraordinary.

So it's probably up the whole market, but it hasn't been as even-based as you suggest, or as it sounds in the headlines.

But I think the market is resilient because what's happening is these chip stocks, they rally insane numbers, crazy returns.

But then as they pull back, as people start worrying about the supply chain, they started rotating the funds when they sold some of the stocks.

Do you think it was a mistake to introduce these products? And is it adding to the extreme volatility that we're seeing?