brufl. right? >> anyway -- >> we've been saying we said the s & p was going to 17.25.'m holding to it. the trade into that was to get short caterpillar somewhere between 88 and 90. that's played out. i think the market will test. it needs to hold i think if we close below 1670 we are in a whole different trading range, that could take us down to test a june low. be careful. trade the ranges. >> how do you interpret the markets move here? there is not a clear reach for safety. >> there is not. i think there is better opportunities than actually being in the market. guy mentioned 1670. i think that's probably a place, where you want to start looking to getting back in. the reason i say that i think you're going to have continued quantitative easing you saw it happen in the gold market. the rhetoric is shifting here from the fed to reserve. they are starting to focus more on inflation. we saw the pce this morning came in well below their expectations, charles evans spoke this morning, early this morning about 7:30 talked about the dual mandate, talked about inflation targ