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Knockdown effect. the other thing to look out for. just how well trade is going to be interrupted. japan obviously produces very high-end components as well as finished products for other high-end manufacturers. and if you can't get that stuff out because the ports are ruined or because transportation's been disrupted, it is going to be a problem. that's also something that japanese have to contend with. wherever you look, it's no good news. yesterday, european stocks followed asian shares sharply lower on concerns that as you were just saying, that earthquake and subsequent tsunami in japan...

$7.2 million. you'll see australia down broadly on the news. and that was really all to do with the resources stocks. a little bit of a problem when china, as far as the growth in the economy goes, certainly makes the resources stocks in australia react like that. worried about growth in china could have a knockdown effect to consumption of australian resources. meanwhile, financial regulators are trying to calm investors after authorities shut down six banks because of insufficient liquidity last week. they say they'll buy more than $3 billion in bad real estate loans and add liquidity to the...

Economy can stand for and it the stock prices are doing what they're doing. >> scott, you said this is an economic issue and secondly they let you out of the office in that jacket. touché. scott in all seriousness, i wonder whether there's something big are afoot here and whether the oil thing is just getting lost in the sauce. what do you think? >> well, i think that oil -- it still is to me, always been harbinger for the economy. with the oil coming off, you have to take a look at the stocks and the s&p 500. maybe a third of the jobs we created since 2008 have been responsible for the oil f...