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for the "wall street journal" and david gergen. what was behind the selloff, er? >> i was talking to a few investors today what ben bernanke said yesterday, anderson what is the market expected him to same we know things are weak we know europe is a very severe issue but him saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stablization that isn't the same thing as saying we aren't in a r...

what ben bernanke said yesterday was exactly what the market expected him to say, we know things are weak, we know europe is a severe issue. him saying it even though they knew he was going to say it makes people more worried looking for something to hold on to and a little bit of hope. most people say this is a dramatic sell-off and you might see stabilization. that isn't the same thing as saying we aren't in a real economic problem, we know we are. >> it seems the markets are underwhelmed by the feds latest move to kick start the economy. is there anything they can do? >> certainly...

saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stabilization that isn't the same thing as saying we aren't in a real economic problem. we know that we are. >> and steven, seems like the markets were also underwhelmed by the by the fed's latest moves to kick start the economy. is there anything at this point that policymakers can do to raise expectations? >> certainly not the fed. ander...