The Nasdaq is going to take a nasty turn. My guess is that the market could open 3 percent lower.

The Nasdaq did open 3 percent lower, but the Motorola warning turned out not to be as much of a negative as one would have thought.

I'm in that, I guess, top 2 percent or something.

Even though this pegs to 150 percent of market, the premiums are still lower or benefits more expansive than what can find on their own.

This is temporary. Remember that it's not that long ago we were up at 6 percent. You have got an Asia crisis and it is going to create this kind of reaction, but I don't think it is sustainable.

And when we turn 18, the slate is wiped clean.