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After a huge move down yesterday. im not sure i agree we can say that this has been such an extraordinary bull market or that its over. yes, its true. were up huge from march of 2009, but were up hardly at all over the past 15 years. its kind of depends on when you count, right? so im not so ready to call an end to anything. all thats clear is we had four days, today being another one, of intense market movement. for a market to open up 600 points one day, down 1,000 the next, on a $15,000 basis...

I think there was this emotional wave about china last week, yesterday, and today, probably investors are looking at the economic fundamentals and realizing that some economies are actually not doing as badly as some of the emerging markets, rebound in europe that is improving and so we expect a rebound in the united states that is still on a path of relatively moderate but solid growth. >> and so the fact is yesterday china saw an 8.5% drop in their stock market. today, another drop, and yet wh...

China was a real growth leader up until a few years ago, posting double digit growth rates. thats fallen by about half, maybe from about 10% to around 5%. you can imagine when such a large economy slows that much, its going to have repercussions. the stock market is a particularly interesting story there. its not like our stock market, its heavily managed by the state, and they really orchestrated a massive bubble in the shanghai index which has now gone through a very big correction. >> why did...

Were expecting today. >> hi, yes, jose. encouraging signs from china central bank in the last few hours. they cut interest rates and the amount that banks have set aside in reserves in tandem for the first time so far in the last world market selldown we have seen. this is encouraging because we also saw buying, bargain hunting by investors across the asia pacific. despite the fact shanghai wiped out its gains, you saw hong kong gain. this is how foreign investors buy china. so there is some bar...

International comufuniversity. well known and has a lot of knowledge of the stock market and economics. thank you, professor. >> my pleasure. >> for being with me this morning as we wait for the bell to be rung. what are you going to be looking for? >> im seeing how markets react, but i actually think what happened yesterday is good news. >> good news? >> good news. you might not think so. heres why. because everyone knew that the bull market had to end. every bull market ends. we had seven good...

High officials in the government. according to the investigation, even to president molina. thats why his government has been suffering, thousands of people going out to the streets to demand their resignation of president molina and the resignation of many other members of his cabinet. >> including the former vice president. imagine that, a vice president actually going to trial. julio, always a pleasure to see you, my friend. youll be helpful that george bush is to tip off -- jeb bush is abo...

Good. i think china is an overemphasized factor on whats going on. these markets have been primed for something. markets do go down. they have to go down in order to go up. its a basic wisdom, but its true. and yes, there are concerns about china. those are out there, but they were concerned about china six weeks ago and the markets would go up 1,000 points and down 1,000 points. >> thats a great point to bring up. josh, lets talk a little bit about, fascinating, the relations, the interrelation...

Today its up about 300 points, 260 points. will it stay that way or not? lets keep looking at it for you and well take a quick break and be right back on "the rundown." . bills got a very tough lie here... looks like we have some sort of sea monster in the water hazard here. i believe thats a "kraken", bruce. it looks like hes going to go with a nine iron. that may not be enough club... well hes definitely going to lose a stroke on this hole. if youre a golf commentator, you whisper. its what yo...

Own economic reality? >> that would be correct, jose. i do not see them able to stop the bleeding. what they did was lower their interest rates to almost 11, as you said. they devalued their currency not one day but for three days. i think these are acts of desperation, and i think their demand for commodities for oil is going to have a serious impact on the markets this year. >> professor, lets talk to the average person who has some money in the stock market through their 401(k). what should t...

Reforms. also, some encouraging news from a lot of brokers out there. theyre saying despite the bad headlines and the fact shanghai composite has fallen below 3,000, theyre talking to people looking to get into the market at these levels. there might be bargain hunting tomorrow, especially with it being freed up. pausably a positive session tomorrow and some recovery hopefully from the last few days of selling. >> thank you very much. stock market expected to open in 18 minutes from now. yu youl...