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Tuesday is in the orange, or red, whatever color it is on your screen there. That is the last hour of trading on both of those days, and it traveled about 3500 points monday in just the last hour of trading, down 1600 points for a time, and then a 500 point or 900 point swing yesterday. As you mentioned, we had a big swing in the last few minutes here well see. Anything happens in the final hour of trade. More from bob on todays move, bob . Reporter other things moving things other than the volatility index today. We were tooling along at a narrow range likely to the upside, and 1 00 hit this is the screen we have up here at 1 00 you can see we started moving down there on the heavier volume two things happened at this time we got a budget deal that implied greatly increased deficit, and we had a soft twoyear auction whats the effect . The effect is bond yields moved up this has been a problem in the past, but, particularly, the levels were at now, so bond yields moved, put up the teny ....
Is here to explain chris harvey is our guest. Just when you thought it was stave to go back into the market the market taking investars on ride again it surged 400 points but the last few minutes a different story, stocks getting crushed losing 300 points in 15 minutes of trading the cause, potentially higher rates. Folks, it looks like we are going to need a bigger boat, or a bigger bank account. The ten year yield surging past 2. 85 . Which weighed heavily on the market today with 1,000point swings in a matter of moments, the type of volatility we have not seen in years. Guy adami . Yes, sir. The longer this goes on, mom and pop are going to read about it on the cover of u. S. A. Today. Should they feel safe getting into this market safety you are implying that volatility makes the market less safe. It just makes the market more volatile i think in terms of safety, stocks are a Collateral Damage of whats going on the stock ma ....