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Fluctuate 3,000 points. at one point it was down 1,089 points. now we're only down 200. i say only 200, but at session highs it was five times as bad as what it was earlier. it's an up believable move sparked by a lot of fear and the fear may be coming from what's going in china and whether or not their economy has slowed even more perhaps than the data has been showing us. we had a big loss on friday that continued over the weekend over in asia and europe and then when stolks opened today, that initial fear sparked an awful lot of panic selling. you know, the best time to buy stocks, of cours...

Geri willis is here with mow. don't know. what do you expect? >> this is so volatile. let me show you hoyt started toy. what happened has night, big sell off in asia. the hong kong down 5.2%. the nikei in japan, down 4.6%. this is the mess that got our markets started down and nobody thought we would see what we saw this morning when just moments after the open, a 1,089 appoints points five minutes in. all of us were shocked. so, lots of confusion. people super worried. financial people out there telling their clients, don't panic. you can't catch a falling knife. that's what people try to do....

Most important of the day. every day. but especially, today. anything can happen in this final hour of trade. we saw things accelerate. the losses in the stock market on friday in the final hour of trade and sitting in a critical point. like you mentioned, we opened up severely sharper this morning down 1,089 in the dow at one point and panic selling based on china. it does very much have an impact on us. also, oil prices continuing to fall. and while it's good for a consumer eventually at the price at the pump when it falling this far this fast because of global economic slowdown worries, tha...

Thank you all for joining us. ron, let's start with you. this is one of the days the dow's biggest one day point loss ever. what do you tell people who are nervous tonight when they are looking at where this day falls in the history of stock market plunges? >> well to put the day in perspective, ayman, if you go back to 1987, october 19th the stock market crashed 508 points. in that crash the market was down 23% in a single day. today when the market was down 1089 in the first minutes of trading that was the largest single day point decline but in percentage terms it was about 7, almost 8%. hi...

Rebound to the point we see it at now? >> we have always said that the u.s. market is resilient and i think we proved that today. thoroughly. so in the beginning of the day when the market opened, it was down multiple hundred of points. started open about 300 and quickly dropped to the dow down about 1,089 at session lows an we sa you that hold on to the markets for at least 10, 15 minutes so that was panic selling more or less and then perhaps panic buying, folks kind of coming in saying this is as low as it goes. i'll buy when stock prices are low and helped to push prices back higher. the s...