'Let It Go'

" Let's take a look at what markets are doing data back to 45. Actors who is down more than 700 point to the close yesterday a record. What is the thought process at this hour on Wall Street let's get an insider's view we're joined by Jim -- He's an investment columnist for Forbes magazine and editor of the -- when he fidelity investor Jim. Thanks for being here before it did talk to you specifically about how you feel about the potential for this bill -- A -- the galloped."

" that's basically having not even a relief rally I caught a reflex rally. After yesterday's extraordinary point loss in percentage loss so I wouldn't read anything into this except for the fact is likely to be short lived."

" You know there's the storyline out there today that it's up. You know about two to more than 200 from being down 700. Because people are sending that something's gonna get past maybe later on in the week."

" That certainly is the case that's plane into it but after yesterday's below -- plummet I would only think that investors are being. Twice shy come Friday go along into this weekend tell me did you don't want this thing lie. Well I'm a remark capitalist. Born and bred and I believe the market can sort themselves out -- that. We get paid to take risks and of those risks turnout great we get that we get the rewards that they don't we're supposed to take the -- so when you add politicians. Into the mix are trying to legislate prices for their own political self interest. You get so we just saw a congressman who is awfully long in terms of pointing fingers but very short an actual solution."

" You know -- people -- we disagree with you they are painting what you might call this doomsday scenario I mean how much pain that we have to go through and how much money will we have to lose for the markets to sort themselves that if --"

" Even if we get to bail -- plan we are heading into a recession as likely to -- for more than a few quarters the global economy is slowing down. We're about halfway down the slope in terms of market losses -- the S&P 500 versus where we were during the last recession. It 2002 don't -- the S&P 500 lost nearly 50% of its value. About halfway down that slope now. I think we've got to get closer to the bottom of that kind of was well before we can begin to -- declined sustainably how what's the intervention. Just glad we don't. The answer is to let it go let this market sort itself out and let the poll following lemons do with the lemmings do if they do best which is basically point fingers at each other. While Rome is burning. How to Lowell editor of the fidelity investor also with Forbes Tim thanks. Thank you."