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And i know you're listening to discussions, a lot of which you and i have talked about both on and off the air. as we're watching this, is there a sense that this is what the day will be, back and forth between red and green? >> it could very well be or you could find a bunch of buying. i was talking about fomo, fear of missing out. a couple weeks ago the story was i didn't get in the stock market, it is too late to buy? there was this come pli sen see and this greed, the need to get in the stock market, it switched really, really quickly and turned just into fear. and it's switching again. yo...

Selling has been exacerbated by program trading, computer-driven trades that kick in automatically when markets hit certain levels. >> what we have seen is clearly a sell-off that's been driven to a large extent by algorithms and computer trading. we get these reversals, and when we get them, from the major trend, they are sharp, steep, quick and always painful. but i think at the moment, should be viewed as technical because nothing fundamental has really changed. >> economic indicators such as the u.s. trade deficit are more likely to catch a professional investor's eye. the u.s. trade defic...

Richard, what's going on here? >> it's very simple, wolf. having seen such sharp rises in the market, it's not a surprise that a correction has now come along. some would say it's been overdue for many months. now, the fact that it's not a surprise it's taken place, it's certainly shocking the level of volatility that we've seen and the extremity of it. this market pushed on by computer trading with algorithms saw vast swings today, down 1,500 points at one stage, sometimes down 2.5% and then down 5.5%. whether it's over, now that really is the big unknown. but look at that graph that you're s...

Know, we're in for some kind of major pullback. but it does mean people tend to get a little complacent when you get these elongated moves in one direction or another. in this case, obviously the move has been up. >> so how's business with the dow at 15,000 or close to it right now? >> it's an interesting question because at seaport, i mean, we have a lot of retail clients and online trading product, but the phones simply aren't ringing. and they haven't been ringing. >> you mean for the trades. >> yeah, for the trades. there seems to be just little or no interest on the part of the public. i'...

fighter jet. hope you have a great weekend. we'll be back here bright and early monday morning. >> it will be a great weekend just watching -- happy friday. we'll watch that primary, as well. >> it will be a great saturday. live from studio 7, i'm suzanne malveaux. want to get you up to speed for friday, january 20th. it's the eve of the south carolina primary. republican presidential race is now hotter than ever. newt gingrich turned up the heat on the news media in last night's debate. it started when our john king asked about an accusation by gingrich's ex-wife. >> she says caus...