The dip in July was bigger. Percentage-wise and in absolute numbers. And if you think "stability and sanity will return" to a still mostly unregulated market,

The dip in July was bigger. Percentage-wise and in absolute numbers. And if you think "stability and sanity will return" to a still mostly unregulated market, you are pretty naive. I'd even say for stability and sanity to return, they had to be there at some point in the first place which they didn't. :-)