bill baruch in the pits of cme. i want to start with you. market dispointed president obama doing anything more in iraq or anything more than he already done, am i right? >> main thing is not iraq as much as russia pulling back. look at the dax. the german dax is down 10%. you're seeing markets come off the lows because russia is pulling back. you're not getting excitedness. this is more of a short cover. people are not necessarily believe quite yet but they're starting to die gets fact that russia is pulling back. dierdre: cathy, next question to you, where do we go from here? >> i think we're going higher. if you told me at the beginning of this year how much we would throw at this market, crimea, iraq, gaza, argue gentine's bond default, argentina's bond default, i would have thought the market was done a lot more than it is now. on many measures it is not down at old. i'm quite optimist i can, we're quite optimistic. david: mark this comeback, 200 points on the dow, end of this mini correction we've been seeing? >> frankly, i don't think