 And welcome all to another excellent edition of the Market Update at 2 p.m.. So what do we have going on today? Well we went up into the weekend on very light volume and generally not a good thing to do if you're bullish we're down 55 points on the S&P cash which down about 1.4% on the S&P's everything else pretty much lower and you know we've got a few things going on in the market let me pull that up a few things but kind of standardly if you go up on very light volume into the Thanksgiving weekend or any big weekend generally those kind of rallies fizzle fairly quickly option market makers continue to bet on probably a train strike or something else going south into the 16th and the monthly expiration on options I didn't think at least coming into this morning and actually into Friday that we were going to do anything but probably have a good opportunity to short on Sunday night and really have risk all the way down into the low 380s on the spies but Powell talks on Wednesday I don't think we could expect a lot of people to get in front of that in fund buying they'll probably wait until to see what he says for the gambling stocks they've got a pop although they got a 10-year license to Macau and pop maybe four or five percent today like when nobody can come to them so everybody's kind of making some bets out there probably way beyond the tips of their skis that a lot of things are going to happen and I think more and more everybody has already figured out that we're headed into recession territory into the first quarter of next year and that's pushed a lot of folks maybe energy a lot of other things to start reducing the estimates for next year anyway looked for a lower through Wednesday and Powell speaking we'll be back in a minute for the show the reality is that navigating financial