The First Look - Suzanne O'Halloran, Financial Markets Reporter

Good morning and welcome to the money. Carrier in June -- with you here on May ninth is a Wednesday. And I can tell you last night about 915 futures were down 3040 points not a lot however. The rate of decline in the stock market futures has accelerated in the last forty minutes we're gonna -- dig into. Topic right now -- 9 no future's pretty rough shape so but just seatbelt on Dow futures now buried down a 113 points NASDAQ down 26. S&P down fourteen the -- US treasury is at one point 80 down again and in gold is down 22 dollars forty cents. Oil futures down a dollar fourteen. Trading now collect 9587. It's interesting because yesterday. When we are on the air at the Dow is down -- 15060. Point six down an awful lot during the course of the day. But -- right the end of the day came back last half hour comes back up I think the Dow finished the day down what 76 points. The NASDAQ was down only eleven. And so I think what a lot of investors are trying to determine June his. Whether this is the beginning of a large and significant correction or is it a buying opportunity I am pretty surprised you know and retail numbers coming out slightly down there but down. I know has not to do with and the fact that I I if I did or didn't go out and buy stuff 'cause I did yeah they're doing your car so I did my part but it didn't help out any -- well let's go to New York are gonna talk to financial markets reporter Suzanne -- -- -- Suzanne I think we all want it welcome to the show first of all you don't today. It's according Gary -- Suzanne make a lot of us are trying to determine as to whether or not this is the beginning of our typical traditional annual may correction. Or. Yeah or is it a buying opportunity Suzanne. I can't in you know really -- equal right now because what we're being reminded of size is -- is. -- appearing in deep and she is we have another situation in Greece there -- a form -- -- government. They have -- -- -- and -- there's a bit whether or not he'll make that I have not seen it. -- now good speed his new and. Eric I asked what was seen and what we thought oil have how ugly Green. -- -- worried about and and back and yesterday we have our I mean on the other back at that level about expert. But. I think what we. Well what actually are focused on is. You're not -- and we need to focus our fundamental what you. You mean we know we wrap up a fairly there were wrapping up fairly expert where even -- 60% of the of the you know he. The expectation. -- We also have to recognize that US economy it on the and but as we learn what I'll Wear out I mean in. Italy edit them that question well here in the US but there is EU. -- -- -- -- -- -- bullish on economic growth for the rest your eyes stayed out here by it can't point out some of the car -- -- -- in the United States. Let Suzanne let's go let's let's go to fundamentals so. One of the things that is an indicator as to whether or not stocks are cheap or whether they are expensive would be the price of stocks relative to their earnings. Or what is also known as the old PE ratio what is the current PE ratio for the S&P 500. Right now it is about -- front earnings which is an extremely extract yeah. And we can at at at their pattern common it like late last night reporting. The rate order battered and act. Back a better record at a camp and number packets and then you think it. Act of the broader economy particularly here in the last architect was not there. Other in that unit -- 3%. In new landing California record it's and then. And -- and you need a new venture. Are in movie -- included in the past order so. On and -- what do we know our company like Disney earning money. That topic as. We are now Intel earlier this week. It. For the third time each month over -- that -- -- out and I bet you detecting and I think investors at Boca what we have. An economy that is in the recovery and we have Europe with -- clearly we were captured -- what is happening and -- Why -- the an individual investors still sitting on the sidelines so Suzanne there's continued evidence that you know the trading volume is down. Record dollar amounts going in the bond funds it would it would seem to me and it and I got to -- I meet with individual investors almost every day. NIC just a very high percentage of those individual investors sitting all in cash paralyzed by fear. I think a couple of are intact and -- It's hard to -- -- -- I think you really get much. We're Sox beat some way it's set record and the content and a lot of cap mine back in -- money actually are there any. -- on alert tactful thing might have -- I certainly very important but we look back it actors are. Geared to their -- and compliment from a financial -- It very you're going -- I -- and me and it was right around the anniversary of the -- scrapped last year that. There are times like these. And I think it that's it again of folk -- it it meet her I should call them out a portfolio if you wanna grow your money. The question for you -- normally when you see pierce like the ones we have in Europe right now you've got government crumbling. You've you've got and who knows what's gonna happen degrees but -- gets pretty safe to assume that they're gonna have to leave the Euro zone you've got Spain. The ten year treasury note -- it's in Spain is now in excess of temper at 6%. And I -- what I would expect it especially with the anticipated stimulus. Is that gold prices would be surging why. I'm looking at gold right now Suzanne -- and gold it's below 16100 dollars now why is gold. Selling off in the -- in the teeth of the storm it doesn't make sense to me. Adult -- back for the the US dollar -- -- act -- act -- act. An amber pardon. At L and he sees it -- as most are only a -- Alex. Pressured commodities but that are out there and that's their rabbits eating court TV of the US dollar. It's electric expects eight. It was. I. Is that because where they're pretty big at the party I think I heard a trader I refer to lessons that it popped. Up pretty -- the prettiest. I ant it's a pretty and I think that's a minute that's. Kind of and -- US dollar which is an Chinese -- over the past couple days that starring in and added it practicing commodities. But it's out there -- and that yes people are -- investors is archer that's that's a and and recovery in the United States and I think that's very important out. Well I'll start here which is an important part -- -- and he says we may not have another round and from our. That actually which is like being able -- market we have -- do. Greg and run the world that is unsigned and wetter dean and actually read and around the bond buying competent in -- -- that it acts but I'm not out yet. Sort of talk about the -- -- Know -- and there -- some of the week early. That's going to be interesting to see oppression or between. -- -- market watchers and and benefit so it would benefit have they knowledge. Apart to buy another and then street mean not -- -- enough but it's your arm on the majority. What are the bond traders telling you like when you read grosses notes and when you talked to you know big time bond traders in New York where they're there to hedge funder of Morgan Stanley. ICD ten year treasury rate now Suzanne at 180. Another bond trader has told meet its goal -- ninety basis points we are Japan revisited. It is that a possibility could we see the ten year treasury go from 180 down to ninety basis points. Am app brain and let I think a lot of people I mentioned -- really surprised that word is that. Again reflects an. Investors. Or the market not -- mean that at but. I think what -- me. It or -- in honor country of the economy. What he went on top report. And again at our positive appropriate -- by -- -- he's. -- what else with. She just talking -- her heart healthy economy get back in order. But they eat the street but it's what and it I don't fiber expert at the morning because according to analysts increased their diet. And Toyota did very well as well they they Hillary. Idea that it's going to. It's great any couple in the play that I. Which -- keep in mind is. Air. And her recovery. They or knocked offline as you know from. That the Japanese are they. It music they're back on track. Partner in Arabic when he. Notes I don't know like -- am -- -- -- are predicting. -- it any better ended the year and -- and I also has very it -- economy in the -- and help us. And me actually coming back a lot by helping me back. I think there are a lot of -- -- in the economy and what can happen we have era and we have as you mentioned people looking at it and your arm you know. It about -- it is -- get. -- -- Well you need to go down to Wall Street and told traders that your feeling bullish and maybe the around our. And other content saying and other important -- work and doing what they expect so. Ottawa let networking company -- after the in -- Great barometer of the global economy. Aren't gamers this forecast is really I only -- Watch out these -- molecular you have to say about it and in North America. Europe and and and so that it certainly get some color on weather and happier -- -- -- -- caught in some of the companies over there he'd delay border. Very good losses and thank you very much for your time and will be looking for that's. Suzanne -- how are folks joining us in game.