We're still struggling in a fog of volatility that may obscure the fact the market is, or may be close to, bottoming,

It was not fog, as you thought. It was smog.

The true worst-case scenarios are not even close to priced in this market yet.

The market is struggling with the fact that its biggest prop, the bond market, is not cooperating. Bonds are in a slightly downward trend. Until that works its way out, we're going to be in for a choppy market.

This (document) is not obscure, nor should it be difficult to find.

It's not a buyer's market, but we're close to equilibrium.