joining me now, quincy crosby. and seaport securities president teddy wiseberg. let's start, if i may, ted, this is -- lot of people are scared. we have the worst beginning wall street history to this year. four days and$1.3 trillion wiped out of the markets. how are you feel big it right now? >> it's simply no place to hide. you know, they have an expression downtown when they raise the house of i will repute they even take the piano player. right now they are taking the piano player. there is no green on the screens. i just has to run its course. there are a lot of reasons for it. china being the primary reason. but the fact is people are going to the agents and there are no bids at moment. nobody wants to buy. we can get into why. and why we have more volatility today than in the past. but we are dealing with a lot of unknowns and investors don't like that kind of environment. lou: your thoughts on where we are and what's happening. our prospects here. >> you know, the stock is the things for markets is uncertainty. it's one thing to have uncertainty with earn

quincy crosby joins us for more thoughts.ust what is the impact on the fed's decision not to raise rates. >> no one ever thought they were going to raise rates, but the market conventioned itself that the fed was going to super-dovish especially when mario draghi, and the market was quillsed he was going to be even more dovish, and the market just, you know fell off into the deep end. this is what's happening today to a lesser extend, but the fed basically said we're still here, we're watching, monitoring, but don't think this is the end of the rate hikes. it isn't. >> i know more than a few small investors are so tired of the volatility. what do you tell them? >> we tell them that actually the earnings season hasn't been that bad, american companies are very good at cutting expenses, which what we have seen despite revenue growth not as strong and ear getting nor and more attractive valuations. >> let's talk for a moment about the u.s. dollar. you know, how much of a break is that to post good earnings and the economy to gro