The Market Knows It’s Done

Market expert Phillip Patrick talks to Steve Bannon about the warning signs on the Dow, the Nasdaq and S&P.

“The S&P was down 10 percent at one point at the high today. It recovered in positive territory; however, let’s keep it in mind it’s down 7 1/2 percent fort he year so far. Nasdaq … was down about 12 percent for the year so far… The most frightening part we’re seeing is the level of volatility… We saw the exact same thing before the dot-com bubble burst… Stocks going down this much and recovering in a day, it’s not a victory. What it is, it’s a warning sign.”