and weedermeyer was deeply concerned about what this meant. were the chinese communists shifting their policies after they had been cooperating with the americans? what did this mean? were they trying to send a signal to the united states? it just turned out by coincidence that mao tse-tung, chairman of the communist party, had arrived with ambassador william hurley. he's the guy with the bow tie and -- [laughter] the handlebar moustache on the right. hurley was colorful and erratic and problematic for u.s./china relations, but hurley arranged for mao to fly on an american plane, a c-47 i think it was. this was mao's first trip on an airplane, first time in his life that he'd been in an airplane. and you can sort of see this quizzical look on mao's face wondering what to make of all of this. i think it's worth knowing that this was not just a photo op for mao. he stayed, he remained more 43 days to negotiate some kind of compromise with chiang kai-shek, with the nationalists. nothing much came of it, but both the communests and nationalists --

bob weedermeyer with us, been calling for a crash for a while. what are we to make of this?tioning that, bob, but, you know, maybe how much built up to that a little more before i say, hey, you called for a crash and we haven't seen it. [laughter] >> yeah. thanks for that opening. actually, we have seen two crashes. i mean, we saw quite the decline in the -- before september and october, we also saw a huge decline in january, one of the worst januaries -- connell: not really a crash. not to -- >> january was pretty significant, but you're right, we've come back up. what i think is the real issue is take a step back, and you see this market hasn't moved anywhere since december 31, 2014. it hasn't gone anywhere. that's unusual, that it's flat. to me, that's a lack of federal reserve money printing having its effect. without money printing, you are going to see this market crash and stay down. again, obviously, it's made two, you know, pretty big dives. if you don't want to call them crashes, corrections, major corrections, but i would say without that money printing, you are s