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Right now is whether or not we could see a prolonged period of this contraction. for right now, one of the things that gives a lot of people comfort, the idea we haven't seen flash crash, that is, a 1,000-point drop for something like that. for the most part, a trending lower market declining in an orderly fashion. >> a bloomberg jamboree. the editor of daily economics newsletter. all we know so far. megan murphy is still with us. and msnbc anchor david gera. brandon greely, we've officially entered a full market correction. from my perspective, listen, we got too far, too fast, the market got...

I'm saying that that happens. but that was feeding on reverse fears. and my issue with raising -- i've raised this sort of thing a lot -- is that we live in an age of emotional algorithms and mathematical formulas that are triggered by hundreds of elements and things. to the individual investor, you get caught up in that storm, you have no idea what the hell is going on. >> you have no idea what is going on. the retail investors think the market is going through a recession or depression and start selling off and that's the wrong time to do that. it's a technical malfunction in the markets. th...

It is reflecting what we were watching at 5:00 this morning. >> sandra: the dow selling off 500 plus points. maria putting things in perspective and something to watch. circuit breakers. in order to control selling if it gets to that point we saw a big drop yesterday. could get there today. circuit breakers at 7% drop. 20%. there are measures that the market professionals take in order to avoid remember that may flash crash we say back in 2010. we'll keep watching it. >> bill: here is what i'm thinking about. the day of the election going back 14 months the dow was at 18,600. then we moved ove...

Pull back. that was a downward reversal. the other term you may have heard in sberchs to what happened 24 hours ago was the do you dropping about 1,000 points, some people prefer to that as a flash crash. it is a rapid and teep fall. we saw that happen on may 6th, 2010. yesterday's record, was that the drop was 4.6%. i never want to think about the point numbers because it changes depending on how high the do you is. it doesn't even crack the top 20. 1987, we remember that. 1929, 1899. you don't want to see a 4.6% loss in a given day, but it is important to have this

The short term. >> yeah, to maria bartiromo's point, you want to wash it out. we're going to do it, get it out of the system completely and then you could see another fresh leg higher in the markets. people will say, amazon is a good deal at this price. whatever stock you're interested in. we need to get to that point. what is that point? the market will decide. >> we have now experienced together, if you've been with us and thank you for that valued viewer for 22 years of mine, yes were down 1,597 points a few short minutes ago. the largest point drop in the history of the dow jones industria...