even worse at 14% off of the quarter. meanwhile, a new poll showed 64% of americans felt that the economic conditions are poor and 44% feel that the economy is worse than before. let's bring in carmen. do you have a job anymore? does anyone have any personal finances to deal with? >> yes. it's really hard. >> the worst quarter in almost three years. what is behind it? >> well, if there's one thing we have found out, we are very much a global economy and this is the way that things have changed. they are going to remain this way. what is happening in europe is affecting us here and the confidence in the market as well as in the spring we saw good job numbers coming out. >> right. >> that totally reversed itself this fall. we're seeing a lack of confidence in the market. now, mind you in the spring, there's so much treasuries in gold and cash, eventually this will all go up. here's the thing that is not going to change. the volatility. the volatility that we're seeing is going to remain this way