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CNBC Squawk On The Street September 30, 2015

Adp showing private sector jobs up by 200,000 in september, that beats forecasts. So far in q3 the dow and s p are down almost 9 . The nasdaq has fallen about 9. 25 . Im sure you have seen the Global Market cap at twoyear lows, below 60 trillion. 11 trillion lost money. I think its important to point out that there were some huge orders from some large mutual funds at the close yesterday, fiscal year does end for a lot of mutual funds. September 30th, gives you a fuel three months to figure out what to do with the money that you get that they take from capital gains. I think they were a huge part of the problem in the last few days, getting out of strongs. I think a lot of the Fund Managers have turned bearish. I think you get a bounce because the fiscal year is over today and theyre not selling. Thats more important than any piece of data. A lot of discussion about the cash balances being low. As people wanted to exit they had to sell. Right. I think its important. This is a flow of f

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