when there is no data that's coming in right now that's actually telling you the economy getting stoerng. this anything we are running into headwinds and whether it's trade. >> here is the thing the fed was part of this but to me it was more they lit a match in a dynamite factory. we had concerned over europe, tariffs wab a slowing economy. auchlds the fed comes along and says i'm going to raise rates. then all of a sudden everything starts to sell off semi sold off before that. there was a multitude of things. you pick the reason. what concerned me this woke, though, is we all talked about our earnings going to save the market all of a sudden earning come out and not great. >> doesn't matter either. >> what's left to save it. >> if you look at the -- the fed is definitely the number one concern on investor's minds not the market down october 3rd. fomc minutes on october 17th knocked the market down again. chatter about hawkish fed knocked the market down again. it's all rates that's it. so. >> sure. >> i think -- >> okay. >> so if you look at why the market stops it's fear plus panic eq