Before, minutes later, cutting the losses in half. In the end it closed 1175 points lower. A drop of 4. 6 . This marked the second day of steep losses. There was a sweeping selloff on friday over fears that the Federal Reserve will accelerate Interest Rates. We are joined by Morgan Stanley Financial Advisor jordan steady. We have been on this upward trajectory for a long time now. What the heck happened today . Its like going to santa cruz and going up the big dipper. We have been at the top all of 2017 and we hit a downturn today. 1100 points, 1,200 points. It sounds like a lot. In 1987, blackmon we were down 508 points and that was a 22 drop. That would be significant. Today, 2. 5 on friday, its not even a 10 correction. What is driving the sell off . It extended from what we saw on friday . It has to do with the federal open Market Committee meeting meeting Janet Yellens last meeting. There is going to be three to four increases in the interest rate. Thats the amount of money that b