I think we need to really address the fact that this perfect storm really has

been circling and marinating all weekend long. So we obviously had the Fed that did not

give a lot of clarity on Wednesday about when that cup was going to be whether it was September.

Then we had Fridays economic data that came out which showed a boost in unemployment.

That was not good. Then we had a weekend full of fear mongering around the Middle East and Iran tacking Israel.

And then you have the Japanese market go down the largest amount since 1987.

And all of that together added to this crazy fear thing we saw the fix spike up

above 65 today which showed fear as your as your prior speaker said not not

panic but fear and so I don't think this is

much a reflection on the economy as much of a perfect storm around all these

components that are happening in the market. Sign, you know, fundamentally, nothing that much has changed economically since 10 days ago

when we were trading it, record highs across the board, and no one that everyone was saying

there's never another down day on Wall Street.

Nothing fundamentally has changed. Okay. That was a New York Stock Exchange

Trader explaining. I like it. A global market sell-up. he's into it but as you pointed out as

well as enter us sir can said yesterday what goes down also goes up and this morning the futures board is back in the green with all

the three indexes posting gains and Japan's Nikke just closed up 10 point 10

percent its largest single day gain since 2008 will dig into the

seesaw. Right. And the thing is that that's important to realize is if you look at

the fundamentals of the economy, it's still very strong. The things we were saying

last week are true this week. We are still the envy of the world. We economically, in every way, even

the market now, my gosh, over the past four years, it's just exploded.

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