Those numbers that came out this morning on the economy really signal that the rate hikes aren't over and the market hated to hear that.

We've had such a quick run here in the first quarter, to see the market trade sideways or taper off a little bit wouldn't be that unusual.

We've been drifting for the last two hours here, with no real selling or real volume.

These tech companies have done so well, so it was a headline shock. Then we saw the news out of Japan. Anyone who was on the fence with regards to taking profits, that tipped them over the edge.

They've left the door open for the possibility of continuing to raise rates.

If we don't buy a billion iPads, three-hundred million people will die of starvation. That's how the economy works.