 And welcome to the 2 p.m. Update with me David white on tfn. What do we have well it is certainly what I would was looking for the last couple of days we had far too many shorts far too many bears and they got their hands in the cookie jar today up to let's do it right now 73 and a half points on the s&p cash 587 on the down as dex up to 23 rustles up 36 volumes okay it's not huge we talked yesterday on the show in the that we had quite the push down on lighter volume yesterday opposed to heavier volume on Wednesday and we were looking for that bounce we were also looking for some bounces and some majorly over shorted stocks a lot of those in the NASDAQ today and it's up 2.2% compared to the s&p which is up 1.9% so as we said we'll get into the volume on the show in a few minutes but for the most part we've been talking on the show about options and how the option market makers were looking for higher prices into the 20th and through the rest of the month I'm I'm not really bearish I do think that we could get back up maybe in a 4,000 or 4,100 I'll probably be a week bounce but the real impotence this morning in the numbers is probably inflation being tamed by probably the last couple of months of lower energy prices my theory is that about 80% of all inflation was based on higher crude prices and it running into everything else I wouldn't say gases and energy is cheap now but it certainly is much cheaper on the show today we'll talk about the link because I had a couple of emails about it about natural gas and fertilizers and how that is put together from an earlier question this week on the show anyway hang on for a few minutes and we'll be back the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand