through the night, somewhere around 1:00 in the morning eastern standard time, the european central bank came in and propped up spain and italy because there was fear that spain and italy were the next greece so they said come on, we're going to hold this up especially what's going on over there in the u.s. it held the european markets, united states market, dow was down 300 points at the time. >> in the futures. >> in the futures which is a good indicator of what's going on. it jumped back from 300 lower to 100 lower and now it's back to 235 lower. that's not a good sign. >> let me ask you this, if the central european bank can buy up the bonds and prop up spain and italy, can the united states government do something similar to try to avert a massive fall today in our own dow? or do we not operate that way? >> i don't think they would do that. we'll be buying our own treasuries that they're issuing, taking money out of one pocket. >> those countrys are part of the euro, if you're spain, you can't print money. if you're italy, you can't print money. they're wishing they still had the lyra unlike the united states,