caterpillar equipment. we've gone from survival mode to growth mode. >> neil: and the data is good, the psychology is poor. even here we can say the data is good. the earnings are good. the economic string of events are good. >> all good. >> neil: but the psychology is better than when he made that statement this morning. it doesn't mean that we're over this sort of antsy psychology. >> my father is a psychologist. i'm licensed to talk about this subject. it's important to have the right frame of mind. we saw a six-day sell-off straight down from all--time highs. that needed to be done with electronic trading, you talked about the trading, the fall will occur at a faster rate. the profit-taking plunge is what it was. it will happen at a faster rate as opposed to over a period of weeks than it used to happen before this electronic markets.