right now is whether or not we could see a prolonged period of this contraction. for right now, one of the things that gives a lot of people comfort, the idea we haven't seen flash crash, that is, a 1,000-point drop for something like that. for the most part, a trending lower market declining in an orderly fashion. >> a bloomberg jamboree. the editor of daily economics newsletter. all we know so far. megan murphy is still with us. and msnbc anchor david gera. brandon greely, we've officially entered a full market correction. from my perspective, listen, we got too far, too fast, the market got frothy, we're pulling back. we need to realize that interest rates aren't always at 012%.