i bring in our guest joining us rom california alix: guys, thanks for being here. kevin, what did you make of the selloff today? guest: from my perspective, i thought we were going to talk about the fed. what i see around the world is bad belief systems going to die and the major belief system that was running around the world was that central banks were printing tons of money and used to go play in exotic places with your investment dollars. so i think that that theory is coming unhinged and the u.s. is going to be the beneficiary of it, but you have to get through the waves first. joe: how ugly was today's selloff? guest: it was definitely ugly and one of the worst days of the year, down 2%. and 10 major groups in the s&p decline. some of the biggest losers of today were the stocks that had en the biggest winners, like etflix and apple and google. the biggest stocks that had gained the most in the bull market. can't look well for stocks. not just this one pocket of the market isn't doing well. maybe i want to sell that. man, i want to get out. definitely doesn't