About critelli your losses and writing your winners and that makes it very difficult you know when markets go down they go down fast when they go up they can go up fast too so its a double edged sword David Greenberg founder and dreamer a catheter executive Committee Member of the New York Mercantile Exchange in the past thank you for joining us david. Thank you good to see see you. And more energy when we return but as we go to break markets continue their curious correction the dow when just the Dow Jones Industrial average dropped by one thousand one hundred Seventy Eight points today following fridays six hundred sixty point plummet we saw the largest intraday dow drop in history good history keep in mind that the dow was up in january year over year thirty percent in january alone so five or ten percent is still you know were still up and some of predicted this thing i predicted it but i didnt think it was to come this fast in this furious as we go to break here are those numbers
Dow when just Dow Jones Industrial average dropped by one thousand one hundred Seventy Eight points today thats following fridays six hundred sixty point one we saw the largest intraday dow drop in history good history keep in mind that the dow was up in january year over year thirty percent in january alone so five or ten percent is still you know were still up and somebody predicted this thing i predicted it but i didnt think it was to come this fast in this serious as we go to break here are those numbers after the closing bell. Despite its time going into history the soviet union you know has dominated International Sport however this was not about the use of those champions from the. Sort of you know. Right now on the children. There with the ball for your good news your brother describe what your group is going to show theres a good example for you if you were to the first some of you to limp with nine hundred fifty two with some good seeds of it was concentration camp prisoners
Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark tenyear treasury note yielding 2. 2 . And thats actually a 2. 5 move, guys which is not quite double that of the dow. So bonds are moving more obviously overnight in china. This is turning out to be a seminal day for the stock market. We had 1,400 Major Chinese companies suspended in trading. Not for these reasons. Many of them suspending their own shares because the decline. And something i pointed out early this morning, guys, which is this chinas stock market value declined in 30 days has been
Started because were at 9 00. But im going to do this. Im going to read you a paragraph, just in case any of you wandered in without actually checking your program or the door, and you can guess what that paragraph what this panel is about. It is a fearful thing to lead this great peaceful people into war into the most terrible and disastrous of all wars, civilization itself seeming to be in the balance. But the right is more precious than the peace, and we shall fight for the things which we have always carried nearest to our hearts, for democracy, for the right of those who submit to authority to have a voice in their own governments, for the rights and liberties of small nations, for a universal dominion of right by such a concert of free peoples and shall bring peace and safety to all nations and make the world itself at last free. To such a task we can dedicate our lives and our fortunes, everything that we are and everything that we have, with the pride of those who know that the
Im going to read you a paragraph, just in case any of you wandered in without actually checking your program or the door, and you can guess what that paragraph what this panel is about. It is a fearful thing to lead this great peaceful people into war, into the most terrible and disastrous of all wars, civilization itself seeming to be in the balance. But the right is more precious than the peace, and we shall fight for the things which we have always carried nearest to our hearts, for democracy, for the right of those who submit to authority to have a voice in their own governments, for the rights and liberties of small nations, for a universal dominion of right by such a concert of free peoples and shall bring peace and safety to all nations and make the world itself at last free. To such a task we can dedicate our lives and our fortunes, everything that we are and everything that we have, with the pride of those who know that the day has come when america is privileged to spend her