. >> i think we are at thebottom >> we call it the haynes bottom. it baottom.e you say to yourself what happens if no one warns you again the next time, you know what, i have got some good news for you. sobering but good. if you waited long enough, six years, you did get back to where you were before the bear market began. all right, six years but if you had sat tight, you got back to even and since then, you made a lot of money yes, it would have been better to take something off the table. but one of the reasons why i am always stressing, it might pay to sit tight even in the worse stock market, and economic market of our time, you still did fine beware of the chicken littles of the world. tons of people who cry wolf every time the market is down. unless there is again, it is okay to do selling but otherwise maybe just sit tight and wait for those signals to buy donna in pennsylvania. >> caller: hi, jim, my husband watches you all the time and trusts your opinion. >> fabulous. >> caller: i want to invest $5,000 for my grandson's first birthday i know it is a

thebottom ten movers on stoxx 600 are all done more than 3%. adyen is down 3.3%.s down after disappointing earnings reports. sartorius is down 6%. 12% on concerns about its contract, the u.s. defense contract. you don't see that many gainers on the stoxx 600. i would prefer to look at the movie screen. -- move screen. there is a new move screen. an updated move screen on the bloomberg. we have 529 stocks down. only 32 are up. it is a very down day for european markets. u.k. supplies to the -- this trade contractor is higher upon its earnings report. markets are opening down the. this is following chinese shares snapping a two-day rally. that leads us to today's question of the day. down,sian equities still what will happen with china? .e have caroline with us let's talk briefly about what is going on in asia. maybe there is something different. it might be something more fundamental. today is different. can we find a flaw in china? what is needed? volatility is going to stay for a wild. in terms of the reaction the chinese stock market has had -- year to date, we