Page 3 - Big Correction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Better so we are an island of stability, and sometimes that can flip and we can get dragged down. >> yeah, i am really interested to see how much affect a fall in the market, which a lot of people have a lot of money in the market right now, how will that affect the real economy. some people think if you see a big correction, it could affect consumer spending. >> on the issue of trade, this is a great point, investors are watching every day what is happening between the negotiations between trump and beijing and china, and i am not one that thinks there will be a immediate resolution to this, ...

He's right. we have gary here with us, politic political commentator and jonas. it's usually risky for a president to align himself to the markets. this president was welcoming this correction. the first time he's referred to it. what did you make of it? >> look, i like the fact that he talked about a correction. because all he's been talking about is a market going up, up, up. >> neil: who knew that he was looking forward to one? >> that's the only worry. he's the head honcho, big cheese. he does have to be very careful about what he says. for me, less is more. looks like whatever he said, th...

>> the stock market, i just see, with all of the ups and downs since election day is up 37% from -- 37%. now, it did a little bit of a correction. in fact, i started to say, you know, i was in it for 13, 14 months from election. i say, is this going down a little bit? it's embarrassing. it was up 100, 1,000, up 90, up 63. i said goodness, that's better. we have seven years to go, folks. we have a long time to go. >> neil: i don't know if he ever said it's better. that was a pretty crazy correction. for the first time today, the president mention the volatility and embracing the markets.

Now. we didn't need to throw kerosene on an economy that was actually growing pretty well. that's the sort of attack on the trump policies that you hear. and i think that there is some validity to that. we have been at the end of a long recovery cycle. it doesn't feel like it for most of us, but we've been in a recovery since 2009 if you can believe it. so it's natural that things should have been slowing down. but of course republicans want to get through the midterms, they're already starting to talk about 2020. you heard president trump talk about that in his speech in ohio. and so of cours...

With it but of course we have incredibly polarized politics right now. >> i want to bring in our richard quest who is joining us right now. richard, as you see these numbers down 4.22% off the high, what do you make of it? >> well, add i said the best part of an hour ago, anderson, i'm not surprised. we're in that tricky part of the day where the market closes its po books within that last hour or so. so that there was acceleration in the selling is not a surprise. we are overall and we need to put it fully in perspective. we're down anywhere between 8% and 9% now from the all-time high. the t...