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First, lets get you caught up to speed on the markets this morning. If you thought the wild ride was over, think again. Futures are selling off sharply this morning. Right now, dow futures close to 200 points below fair value. The s p 500 futures down by another 30 points. This is not something thats been constant through the morning. At one point this morning, futures were in positive territory. You can get we will continue to see wild swings up and down. A lot of volatility. In fact, if you add up all of yesterdays swings, the dow moved by about 1300 points during the session. It was down 460 points at the low. The blue chip index eventually closing off by about 1 . The this was the heaviest volume weve seen in nearly three years. If you were watching the yield on the ten year, it dropped below the 2 before coming back. This morning, it is below 2 again, 1. 995 . Asia following wall streets leadover night. You can see the nikkei closed down by close to 2. 25 . The shanghai down by 0. ....
With the sail boats going by. Its okay. Well be fine. Actually, we have a pretty good it real i mean go ahead. Bill, the shot behind me is real. It is absolutely spectacular. It is an picture. Its not memorex. It is the real deal. I have no doubt thats a real picture. What is interesting is because what is behind me is real too, right now. And what is going on i know that. And the rally on wall street. Been doing this a long time. Yesterday, ben bernanke spoke zippo. Nothing happened in the market. Today we spoke and we are off to the races. Alltime high territory. We will talk more about that coming up. Also we await earnings from microsoft and google. They will be up next hour. That will definitely help set the tone for tomorrow as well, maria. So the question is, what happens from here . Do you want to get into this market right here at these alltime high levels . We will talk with black box ceo larry fink. He was the first to call this market, a bull market. Remember he came on the ....
by. forecasters say tropical storm isaac is moving west toward the caribbean on a track that could take it to florida early next week. the gop convention is being held in tampa. isaac is expected to become a hurricane by friday but it s still too early to gauge whether it will head to the sunshine state or turn north into the open atlantic. we ll get a complete forecast from the weather channel in a few minutes. let s check on markets this minute. becky i want to welcome you both. good to be here. we have a lot to talk about. we just lost the board there. down five points or something? yeah, it s looking flat. yesterday you saw the market was down by 68 points. you saw a big swing through the course of the day. like a 1% swing, right? yeah. at one point it looked we were is the sitting a five-year highs before the market gave back a lot of the gains. let s take a look at oil, which is another big story out there. brent is off a little this morning. w ....
short sellers feared europe may do something right over night and feared losing all the juicy profits gain in the last eight weeks. remember, they like to take profits, too. people are always looking for analogs, analogies, patterns, touchstones that help us figure out where we can go, how low, how bad. look, it s the right thing to do. we only have our history. if we ignore it we re obviously doomed the repeat it. before i lay out how bad things could get which is the so-called worst case scenario, everything i m about to tell you can be averted, averted by concrete signs that the europeans are going to address their problems and the chinese are going to cut rates. we won t go worse case if at the germans begin to compromise with the have-nots or bank deposit insurance and saving euros and at the same time issuing euro bonds that can buy sovereign debt. that plan has been shot down so many times by chancellor merkel that it seems it s become a pipe dream. listen, we ....
short sellers feared europe may do something right over night and feared losing all the juicy profits gain in the last eight weeks. remember, they like to take profits, too. people are always looking for analogs, analogies, patterns, touchstones that help us figure out where we can go, how low, how bad. look, it s the right thing to do. we only have our history. if we ignore it we re obviously doomed the repeat it. before i lay out how bad things could get which is the so-called worst case scenario, everything i m about to tell you can be averted, averted by concrete signs that the europeans are going to address their problems and the chinese are going to cut rates. we won t go worse case if at the germans begin to compromise with the have-nots or bank deposit insurance and saving euros and at the same time issuing euro bonds that can buy sovereign debt. that plan has been shot down so many times by chancellor merkel that it seems it s become a pipe dream. listen, we ....