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Transcripts For FBC FOX Business After The Bell 20121023

Including due possibility, freeportmcmoran, dow chemicals and then the spider select materials sector, that down about 3 . Top holdings there, monsanto, dupont. David liz, lets take a look at that index you were talking about, the volatility index. When things go south, as they have, this usually goes up. This is not a stock, this is an index, but there are stocks that are linked to this if you think things are going to continue to go south. This was just down below 15 not long ago, it jumped about 13 today, its up to almost 19 right now. Again, when it got down below 15, people began to wonder, jeez, how low can this thing go . Apparently, it reached its limit at that point. Liz you could argue it was dupont and 3m with earnings reports that people didnt embrace, but todays selloff theoretically started in europe as worries mounted about spains ability to overcome its debt troubles. Again you see that the ftse 100 down about a percent, you saw the dax down 14 Percentage Points as well

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