As predicted, JWST has been seeing big galaxies at high redshift. There are now many papers on the subject, ranging in tone from “this is a huge problem for LCDM” to “this is not a problem for LCDM at all” – a dichotomy that persists. So – which is it? It will take some time to sort out. There are several important aspects to the problem, one of which is agreeing on what LCDM actually predicts.