s&p, if we can bring that up. obviously company-specific. dell, netapp, tiffany, lowe's. we know the s&p is up.n get to the next chart, but essentially, procter & gamble and i think what happened here, carl -- in fact, what i know happened here is that a lot of people, retail clients that e ended up buying more facebook than they decided to buy who decided not to sell sold other stocks. i expect next week a lot of retail clients own mlps and they have absolutely nothing to do, nothing to do with facebook. you're going to see this used as a source of funds. that's a bad strategy that we know from investments. >> so do you think that selling facebook at this loss will make them so sick they can't do it elsewhere? >> we were just talking about this off camera. unfortunately, that's what people do. they make the purchase, by 10,000 shares at 38. they did not anticipate holding it. they want to wait for this thing to bounce back to make this sale. it's human nature and it's a long-term mistake. i've seen it time and time again. >> there are price targets out there at 40. there are also some closer t

s&p 500. that's what i meant to say. they are betting big against the market. you also added inger sol rand. he raised his stake and cut his stakes in heinz and tiffany. they had a put at the end of the cutter. in terms of the notional value or what he spent on the puts? >> i don't know what he paid for the put, but he had a 725,000 put position which is worth 5.1 million. 725 and 876,000 put options on the spy. >> okay. brian? >> the thing that is strange about that is also they all caught. with a bullish call on oil and a negative call on the s&p, they go so high it will choke off growth, but that's not what's been playing out and it must be some type of a hedge. >> i agree. we only have part of the picture here. >> that's the other thing to keep in mind. murphy was making the point. we don't know the other side. >> although i agree with his directional play, i think it's more of a hedge of his portfolio. >> got to take a break. do you tear to be dangerous? if the answer is yes and you want to stick around for our guest. what do they note investors like wilbur ross betting on right now. now. looking for a better place to put your cash? here's one yo

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ralph lauren, coach, tiffany, just some of the names feeling the pressure today. despite the majority of the sthe retailers will just begin reporting this week. markets are concerned the weak sales news out of europe could be a theme we'll see from retailers in the coming days. asia certainly remains a key growth area for many of the names, particularly with the high end, but with worries the chinese economy is slowing, it's particularly unwelcome for the group. >> tough board to look at right there. serious declines, courtney. courty reagan back at hq. for more on the selloff, i want to bring in david spica with whg funds. good to spatalk to you. >> good morning. >> a lot of chatter about what the market has priced in the greek exit from the eurozone. is it pushing people already worried about seasonality to sell early? what's going on? >> i think there is some nervousness about the seasonality. i think a lot of people are expecting the market to respond this year the same way it did in 2010 and 2011. trying to get ahead of that. there's still some concern over the weak jobs report from frida