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City in New York City I'm sure down on Wall Street as well.
All three major indices immediately plummeted they were already down -- plummeted further closed at the lows of the session and it was the heaviest trading volume in a month.
And that all started happening after 2:55 PM what these two bombs.
Alleged bombs we don't know again but -- it's a marathon that saying that they were bombs but you can see these.
These barricades that had been up.
Stuck on people -- mass injuries here you know more than twenty people hurt we're hearing two people dead.
But there was immediate reaction not just in Boston but on the floors of exchanges all around the nation Lawrence -- an -- standing by the New York Stock Exchange -- -- I just told Teddy Weisberg -- he's been on the floor for quite some time you've seen all sorts of activities and events beyond our control affecting the market.
How -- -- today down the lows of the session TDK's fear of what happened in Boston what do we do tomorrow -- with -- company anyway.
Well I mean -- you just don't know but I mean one thing about the selloffs when they come they don't ring a bell you know we don't have a crystal ball and we never know the reason.
And this really started on Friday you know with the commodities getting so we carry through to today.
I I -- that's pretty but look.
Events it's had seventeen change it's -- five points this is a huge rise -- that hear them talk about.
Well yes but we've had a huge rise in the market for four months and nothing goes straight up.
Just like nothing goes straight down and made the corrections come for reasons we never anticipate this tragedy in Boston clearly.
Nobody could anticipate and and then we'll deal of that on one level.
As bad as time moves forward but you know that that his side -- -- -- -- -- -- second.
You know it's that it's the come out of -- I -- that come out.
It is it are they are the commodities getting trashed because we're worried about deflation not inflation are they getting trashed of course there's been a little slowdown in growth in China.
That the markets were due for correction I think the commodities settled as an excuse.
And then we'll have to see I don't think we're going the other way if -- if that's what you're.
And always puts it in perspective that's because you have wheeze done well there isn't that we didn't close the dollars and cents.
And that makes us a little concerned about tomorrow's opening.
Well now we have this terrorist to tell where -- And we got not quite sure what his his bombing and and in Boston clearly that's gonna send shockwaves throughout not only the economy but but the world.
And that's a big wake up call for on another level.
My guess is we'll see a little follow through tomorrow I don't know what's gonna change the Sullivan commodity you had a lot of margin calls you know this thing feeds on itself it -- -- like itself out panics.
Well yes and what we've -- stacks you know it's just an asset class it's another asset class.
It will run its course and and then we'll have to take another look -- You know you don't want to try to pick bottoms just like you don't want to try to pick tops.
Yeah and you Teddy is explain what it -- moment -- -- -- session.
That you know we're coming down a little bit we are pulling back but this is nothing to be nervous about.
And I times like this week and do you hope that that is true but this is the result of the -- is okay and when you're ready results of the year Lawrence amenity Teddy Weisberg as we go back to the.
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