peter schiff said forget stopping rate hikes. we may see a rate cut.you think the fed takes back the quarter point they instituted back in december? >> no, i don't think they take it back but clearly they will be on caution watch, probably at this point in time, not even moving in september or perhaps in december. we'll look at the data but economic growth going forward should be okay. the inflation numbers stay low. there really isn't incentive for fed toking a agressively pursue anything like the federal funds rate path they have put up in the dot plot diagram. liz: i'm looking at dow, charlie, we have been down 338. we're down 261, a little bit after come back. 20 seconds. >> fed has another reason to wait and than raise rates. this is presidential election. now they have the reason. peter schiff was not talking about the fed funds rate, qe4, buying bonds, that is much more dramatic thing. liz: already a bunch of traders yelling one minute. like dominoes. one minute. one minute. less than a minute to trade. thank everybody very. as we look through t