in just a little bit. I'll speak exclusively to legendary trader Mark Fisher. He might

be known for his prowess in the commodities market. However, he's got thoughts about

your money across every market today and how he thinks the Fed can really kill inflation once and for all

without destroying the economy at the same time. We begin though with our talk of the

tape new lows and beyond where stocks are really heading from here after taking out those

levels from June at least on the Dow. Joe Terranova will ask him

CMBC contributor and Verdes Investment Partners chief market strategist right here

with us at Post-9.

It's good to see you.

Thanks for coming down here.

We talked to you on the halftime report today as we were sort of in the game.

Now we're, you know, here we're on the sidelines taking stock, if you and what just happened as I said a new

closing low for the Dow where do we go from here? Well I think you have to take a

little bit of a good feeling about the way that we ended the day. This clearly had the feel of a liquidation type of an event.

Trading volumes were very heavy. Volume was nearly 40% above the 30 day average. We haven't seen that in a while.

Certainly you saw in Treasury yields a spike, almost a parabolic spike.

Move higher to levels that we haven't seen in many many years so I

think that's indicative of a little bit of a liquidation feel I think you could

take heart and that but by no means is that mean this is the all clear because

ultimately the big question is going to be earnings.

You know John Spelanzani who sends a lot of information through to us throughout the day

said you got 7 million SPY puts that bought today.

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