Say, someone who believed that things may not bottom. And i think hes switched. He may say its not in dramatic fashion because its near the middle of his piece, not at the top. I do believe what were seeing is a gigantic amount of liquidity put in by the fed, when it looked like things might go back down that mattered a lot. A lot of companies that dont have great credit are getting money. Thats important we saw the retailers go up last week it wasnt because retail sales were good, but because their credit was so bad, maybe they get a chance to raise money. Ge raising money a lot of companies are raising money that would not be able to raise money. That is going to be a major change to keep a lot of companies out of bankruptcy and in the same way that the oil deal might Keep Companies out of bankruptcy david, you know theres so much debt being issued now. And theres some opportunities for people who want to buy debt, but holy cow, is the government wide open to buying anything on thurs
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen. Great to have you with us lets look in on the market picture. Another roller coaster ride yesterday. Two days ago we had a 1,000 point swing from low to high yesterday about a 500point swing on the dow we were down 130 at the open the session high was 381 points. We sold off into the close and finished basically flat for the dow. The s p was down 0. 5 . Nasdaq down about 1 the week to date results are down about 2. 5 , 3 , not that bad with the huge declines earlier in the week. The dow did lose 4 last week as well this morning its calmer were down, but only by 96 points the nasdaq is down 16. The s p down 12 points lets look at the treasury yield curve. We did see yields pick up yesterday. We were nicely above the 2. 8 level, 2. 84 were near that high of 2. 85 we touched late on friday it will be a big test for the markets to see if yields continue their rise, if we get more o