e-mackey, the market is responding -- you're the federal reserve bank of new york, john williams comeg. hey, maybe we'll get to listen to the market. we may not raise rates as much as we said. everybody, take a deep breath. that's what the market is moving on. >> elizabeth: i agree with you on that. from chuck schumer, to make that breathtakingly tedious political comment that it's a government shutdown -- the government shutdowns are almost as frequent as weather events. you might as well blame it on el nino. [laughter] here's what's really going on. interest rate is going up or the dow lost points since october 3rd when this process first started. about two and half trillion dollars out of the s&p 500. that's what's going on. also the wme in the order market. they are going down. the players that really leveraged up, we are watching stocks like chesapeake, transocean, rutherford -- they are plunging. some of these players in the oil markets are highly leveraged. when rates go up in oil prices go down, there is a wipe out. that is also adding the markets, too. if it gives mostly inte