 and welcome to the 2 p.m. Update if you've been in a cave you didn't know that we had big numbers at 830 a huge run that squeezed almost every short that probably was capable of holding on to a short out of the market we were up let's see what that actually is I want to say up about a hundred points see what out here range okay okay we went to 4196 cents so we're a what 85 off of that right now and so we've given back well we've given back 75 percent of the bounce so far we'll call it roughly that still up seven tenths of a percent but on the S&P and a little bit more on the NASDAQ but you had a lot of volume they certainly clean the decks of anybody that is short that's when things really get worrisome if you do come into some bad news those folks that would be able to be covering on the way down or no longer there so the risk picks up at least for me a great deal doesn't mean that the market's going down just means if it does go down there won't be many people to naturally have to buy i.e. being short so are there a few people short I imagine a few people shorted the highs today there was no real good signal to do that and of course we're on Fed watch now and that is I don't know well 23 hours and 59 minutes from now we'll get the word from the Fed and then of course the about 45 minute presser that runs from 230 to 315 then we'll find out where the Fed is going to throw another wet blanket on the market which is my guess anyway that's kind of it we had a lot of volume we didn't hold the highs we've got yet another kind of ugly candle up here around the highs so we'll see you tomorrow hang on we'll have the show in just a few minutes the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having