how bad will the selloff get and what parts of the market are the most you will haver inable?e're joined here but our traders dan and mike. mike, kick it off. what did you make of the action? >> one of the things i think is most interesting is what you

how bad will the selloff get and what parts of the market are the most you will haver inable? we're joined here but our traders dan and mike. mike, kick it off. what did you make of the action? >> one of the things i think is most interesting is what you just highlights, the move in the vics. we've seen a move that was only higher than this one other time and that time the s&p was off over 7.5%. here we're off 3% from the high and yet the options market seems to be telling us that more is yet to come. you would think down 3.5% that this is a mild move but people aren't acting like it is a at july? we're seeing the volatility weather it be bonds or high yield or currencies finally seep into the equities market which is what we're seeing with the vix move. >> we've long said that the s&p 500 has been a safe haven asset so now we have this dollar rising, i think people are going into that because it's a safe haven asset. we've seen this move into bonds, look at where the yield in the ten-year is, almost back at 2%. people looking for security but at some point all of this volatil

the real problems that black people and brown people's lives are you will have n are you will haver inable in the streets. >> is this the way to get policy change? >> the protest is a way to get policy change. having your voices heard is the way to get policy change. if there had not been an uprising in ferguson, we would not have heard of michael brown. if there weren't stopping the highways in new york, we would haven't heard eric garner. i go back to selma and i think about the new film on selma. dr. king stopped people from walking across bridges and shut down highways, he did it because he needed to put a national attention and national 1spotligt on an issue america had a willful neglect of. >> let me read you something a georgetown professor told the miles about the challenges within protests like the one we're seeing. he said "in the anti-war movement, too, there was a lot of bad publicity but the movement went on and was successful in convincing the public we that we needed to get out of vietnam. in some ways, the test of a successful movement is how you respond. you have to expect