ben cavender, the shanghai index, the hang seng down also, will the moves work? >> looking what's happening in the markets now, the injection from the pension funds may shore up the markets somewhat. but it is downward trajectory over the next weeks if not months. if you look at the p ratio, they're still almost absurdly high from a fundamental standpoint. we've had a major runoff and now this selloff. we'll probably be due to a continued selloff. >> what do you tell your american clients, dow futures are down, they expect to be sharp do you agree? ask. >> you know i think that if you look at the u.s. market what happened on friday, and the futures going down, i would expect the morning to be rough. fundamentally, the market should be spiking up and certainly the rest of the year there's upside. >> mr. cavender, clearly the bubble is bursting, is there panic? >> i wouldn't say there's panic right now. i think people are very leery right now as to what the government's doing to maifnt stability in thmaintainstabilit. but i think the government has some tools we ca