 and welcome to the 2 p.m. update with me David White and of course we got a market continuing to head lower if you listen to the show over the last four or five days especially Wednesday we were starting to say you know what maybe just a little bit too much volume leading to a buying climax that's a term that Richard Wycoff coined early in the is it 1900s or 1800s I digress anyway I think it was around he was big on Wall Street from about 1910 to I think about 1935 I think he died somewhere around there anyway he had a lot of terms that he would use and most of those terms were because he had kind of the Wall Street Journal of the day in fact he sold his newspaper of Wall Street and I think that's what it was called the newspaper of Wall Street became the Wall Street Journal at some time later but he had a lot of terms but certainly when it all the volume came in at once and everybody has kind of a orgy of buying you get far too much far too quick there is kind of a lot of the three bears in it and that is you don't want it too cold you want it just about right and if it gets too hot generally it's over it kind of reminds me of the old saying that the light bulb that burns twice as bright only burns half as long except the one that actually burns twice as bright only lasts about a tenth as long if there was a little bit of truth and advertising in it anyway we're off about 1.6% in the S&P's NASDAQ's off 2% Dow about 1.2% Russell about 1.6% crude on the follow-up of yesterday which is we've got an absolute torrent of crude hitting the market now as many of these shadow shippers had huge amounts of Russian oil they were just waiting to get to market so we're probably as they say the best thing for low prices low price watch out for we'll be back in a minute with the show the reality