more risk reward than qualcomm. qualcomm is a low risk entry point to me. johnson and johnson at six month lows. obviously it's a defensive stock. but it's definitely been in the headlines with negative news. it had to recall 43 over-the-counter medicines. do you think it's going to impact earnings? i don't think in any significant way that the recall will be a big impact. no, and the stock hasn't reflected it. it's held up very well in this downturn, as you've seen. and when did you buy this? we've been buying and all along, all year. so we've been adding to the stock all year. you will consider buying more, even? for sure. let's turn to the overall picture here. we've had a nearly 10% sell-off in the stock market since april. how are you approaching it? is it a good time for long-term investors to buy? or do you hold off, perhaps we might see a 15%, maybe dare i say 20 percent correction since the april highs? well definitely for long- term investors, this is a great opportunity. in the very near term, europe is really affecting the market. the market, al

and you saw it show up in names like qualcomm and sandisk and especially intel getting hit hard, as well. by just about 3% or so. let's end on a positive note. thought every single stock that traded here was down. nutrisystem, beat on the earnings. the stock got an upgrade and did close the session sharply higher. interest to go see how technology fairs in tomorrow's session after such a big selloff.to go see how technology fairs in tomorrow's session after such a big selloff. >> let's go rick santelli from chicago. currencies, all the rest of that good stuff, interest rates in europe, what can you tell us, my friend? >> it's so fascinating. for those of us that are always worried about deficits to see the flight of safety effects push boones below 3%, push the ten year toward 360. it really is an issue of safety, but it's also an issue of bad behavior to some extent. but we'll get to that in a minute. let's look at that euro right now as it's trading. it's trading at 129, well below 130. we're looking at about mid april of last year before you found the last violation of this extent und