scott minerd said you look 12 months out from now and do the year over year comparison.ng for no, i think we see a little bit of inflation out there and we have to watch the baton handed off over to wage inflation that is when we start to get worried. we are not seeing that yet. >> you are not seeing it yet we have a well known business person on this network who happens to live in your town of houston and owns the rockets tillman. he and everybody else says it is tough to get employees for whatever reason you want to choose the reality is to get them, you have to pay them more. you do not believe wage inflation is here to stay, it sounds, victoria >> that's the key phrase to stay. i don't doubt at all what tillman is saying or what we hear from the small business owners they are having to give bonuses for people to sign up. come september when the additional added benefits go away and some states have started to take that away. it will be interesting to see h how wages go in those states when school starts and when people are willing to go back to work we have to see wh

all of that should not necessarily come as a surprise to you viewers, remember, guggenheimer's scott minerdled on the show >> given the massive run we've on in bitcoin in the short run, things are very frothy, and i think we're going to have to have a major correction in bitcoin. i've said it before, i think we can pull back to, you know, 20,000, to 30,000 on bitcoin would would be a 50 decline. >> that was a couple of days after bitcoin hit that $50,000 market and scott saying we can get to 20,000 fear at 40 right now if there are any bulls out there they may like it good call on that, certainly in crypto throughout the morning, all of the major cryptos are down that's the fast-paced and crazy world of crypto. let's stay with stocks to start the show because while futures are weak your next test is watching three companies, analog devices, target and cisco because he owns them all joining us, trust company's bill stone. talk to us about the markets been a little wobbly futures down big again what do you think the main driver is the recent weakness and the recent volatility? >> yeah, i thin

i was going to say in other news before we take a break, scott minerd tells cnbc he thinks there will be a big pull back, maybe 10% correction, and a big bounce, the s&p goes to 5,000 or mid michigan obituaries even higher than that i know a lot of people think that maybe we will have this correction and maybe the action that we see in the market, jim, with no traction from day-to-day is foretelling that. >> i think the question is how big of a drop before it goes higher so i agree with mr. minerd that we are going higher. 5,000? you know, maybe by 2023, sure. i don't think that's unreasonable the question is how long of a drop until then. with interest rates where they are, i just don't see greater than a 5% drop i mean look at where ten-year is today. i'm not looking at exactly this moment, but i think it was 160 last i looked. bottom line is the fed is still very much supporting this market that will change, but not any time soon. as long as they're supporting it, i don't see the market going down more than 5%. >> well, it is also -- >> end of story. >> -- not so much, jim, about w