The Market Recession Is Not About Revenue Growth

Danny Cevallos: The market foundation is based on four things earnings earnings growth revenue revenue growth and we just don't have it here to support the valuations that we're currently seeing so in this environment whether the Fed comes in or not I guess that will be take that headwind away but it definitely does not create the tailwind that earnings would growth would create. He says lists need to start being made here and he remembers what September 2008 felt like guy you were at Merrill Lynch in 0708 early 09 when it went under  I'm hard pressed to think that the leverage or the systemic risk is anywhere similar to what we saw in 2008.