with more on this jonas max ferris, the co-founder of max funds.com and a fox news contributor. thank you for being here. what a difference a day makes, 24 hours, for the markets, big turnaround, were you surprised or expect that? >> little surprised. i thought we were getting ahead of ourselves. it seemed like expert investors know stocks are getting expensive. particularly small caps and valuations, alibaba ipo. and yet, it didn't really materialize into much of a pullback. i think people don't want to leave the party, they think it's going up. cash and bonds don't yield anything, there is trouble in the bond market, and maybe it's 1998, another year of big returns, you have to sit out. ashley: what do we have today? people looking for bargains after the sell-off? >> people are looking for -- looking for buying opportunities, more than 200 or 300-point drop, i'm hoping to get cheaper prices. a couple years with no real pullbacks. ashley: can we expect the volatility to continue? >> i think so because there's dual forcing of a lot of cash that wants to go in the market and a lo

smith, tracy byrnes, jonas max ferris, and ojohn layfield, and welcome, everyone. will supervising the rates help the unemployment rate? >> it almost has to, brenda. there is always the underlying assumption to raise the minimum wage to the level, we can stick it to the man, the evil corporations, so stipulate that the corporations are evil. businesses are only greedy and after a profit. in that case, what are the companies going to do? one of two things. they are going to look to achieve the lower costs by replacing the workers with technology and/or raise prices. in fact, we have evidence of both. look, applebees is experimenting with more than 100,000 tablets that sit right on the table which replaces servers, and mcdonald's is experimenting with the iphones to replace the cashiers to go up to order and then pay on the iphone, and on the pricing, heritage foundation estimates that with these kinds of increases, fast food prices are going to go up 38%. and by the way, profits for these businesses were already razor thin are goingo drop 77%. this kind of wage incr