This is CBS Eye on the World. Here's John Bachelor.

The market volatility, it's a fancy word for what we've seen these last days.

What does it mean? I read the headlines from Market Watch.

Yes in P500 can hit 5,900 this year, that's UBS. Only a 50-50 chance stock market lows are in after Thursday. That's Renmack.

Stocks still vulnerable to further unwind of yen-carry trade.

That is, everybody blaming Japan.

I welcome Brett Arrens of Market Watch, he writes the return on investment column.

Brett is my break the class, meaning that when the market's in trouble diving, I call on Brett to either explain it or entertain me with his thoughts of the past instances when there's been panic in the street.

It's always witty after the fact. Brett is

traveling he's in Italy enjoying himself and he's relaxed. So note, caveat, everything

he says here is relaxed and happy.

Bread, a very good evening to you.

Nothing dire here.

I know we've been through this before,

but I don't remember how long it lasts.

It's like I'm dropping a stone into a bathtub. The water slashes for a long time.

How long the sloshing? Good evening to you, Brett.

Good evening. Good evening. Great to be here. here you know it's very interesting

it's been a uh... a pretty impressive reaction response rally

this week

on wall street

uh... nobody knows exactly what's going to happen next but i'll say a couple of things

...