we have wells fargo chief economist, john silvia, and scott bauer, our trader at the moment. last week, who is able to see that far out, 3 1/2 years, wish i could, tell me how the market is weaving in with that psychology? >> i think the market is very skeptical about the ability of the federal funds rate for that long a period of time, and liz, the issue is why? if the economy is that weak, for that long of a period of time is suggests projected profit growth next two or three years will probably be less than what people discounted. liz: scott, we're talking about a market where people are looking for the next big thing. it was definitely tech. i'm not saying it isn't anymore. nasdaq and a lot of names scaled up so quickly in price. what are you seeing as far as flows on a day like this, where we also last week saw three days of selloffs for the s&p and nasdaq? >> liz, you're right last week was the biggest single out of flows, $760 million, a massive amount. the question, now investors and traders now they have cash on the sidelines are they ready put it to use when the mark

[closing bell rings] we want to thank leo, john silvia and scott bauer. there goes the closing bell. it was a lot worse earlier. that is the best i can say. that will do it for "the claman countdown." thanks for joining us. it is time for "after the bell." melissa: concerns about a second wave slamming stocks. the dow plunging after a jump in coronavirus cases fueling fears about more restrictions and lockdowns, oh, no. i'm melissa francis. connell: i'm connell mcshane. good to be with you here on "after the bell." yeah, as liz says it was worse earlier. the dow comes off the lows here at the end of the day. at one point we were down 900 plus points on the dow jones industrial average. a little over 500 to the downside at the close. certainly not great but not as bad as we were. the s&p is close to entering correction territory. it is down about 9% give or take from the record close reached back on september 2nd. we mark it as the fourth day in a row of losses for both the s&p and the nasdaq. that is the longest losing streak we've seen there in seven mon