 Melissa Armo, she's the owner of Educational Firm, the Stock Swoosh. Melissa, when we first started talking to you, the Dow was down 1,500 points. Now it's recovered half of that amount. What's your takeaway from that? I would say that if we close strong today, which we still got about almost a half an hour left, if we close over where we opened at the beginning of the year 2018, it's a good sign for the short term here in the next couple of days. We could do that. We're right there above it, slightly right now, even with the drop off today. So we look for that number if anybody's looking at the Dow, if you're looking at the Spiders, look to see where we opened the calendar year and see if we can close right around that number above it today. That would be a good sign for right now the next couple of days. But as far as the rally here into the close, I'm not surprised about it at all because, like I said, I think this is profit taking and a buying opportunity for some people who are looking at long term ahead, not just the next week, but the rest of 2018 and even beyond. Remember, it's not just 2018. If you're a long term investor, then it doesn't matter if you have one or two down days, even like we've had in the last 48 hours. If you're a short term day trader or if you do overnight where you're in and out in swing trades, well, obviously then you would have wanted to get out Friday when things started dropping or you got out before that or you got out maybe even in December or November. The market power trended all of this year and all of last year. Something is not going to go in a straight line up forever and ever and ever. That's not realistic. You will have pullbacks in the market, wait until the market gaps up again in the morning, which could happen, like I said, in the next week or the next two and see and watch how it acts between now and then if you want to wait to get back in. But aggressive people will probably buy this into the close today, to be honest with you. Okay, so yeah, Melissa, to that point, obviously it fools Aaron to try to time the market in the big picture. I mean, it's very difficult to be successful in doing that, but we could have said the same thing after Friday's loss a sell-off of 666 points on the Dow. That was a buying opportunity. So my question for you is how do we know when this sell-off reaches bottom? You wait till the market gaps up. That's what I look at. I look at gaps, market gap down today and it tried to hold itself in the morning the first 30 minutes and it couldn't do it and started trapping and then you saw all the red. We gap down Friday, we sold off. Wait till the market gaps up. Don't buy into support. We're into support. We were into support on Friday. So you're right. If people bought on Friday, they were down this morning into the open, but the market gap down Friday, that's not a time to buy. You don't buy support. You wait till the market gaps up, which is a foolish sign that institutions are buying in the pre-market, in the post-market and that's what you want to see. You want to see that sign. And I wouldn't be surprised if you see that one day in the next couple of days or the next two weeks and one of the people that was just on mentioned about 2016, how we opened very bearish in the year. Guess what? We did and we recovered within two weeks of that and then took off from there and never looked back. Never even looked back at that $200 level around $192,200 since we rallied over it. So in two weeks that's it and we recovered. So the sell-offs in the last two days could be recovered very quickly and here's why, okay? It's not just technically, even though technically, still very strong. The reason is the market to sell off, we have to have something that would create people wanting to sell that would be a panicky reaction like, for example, something to happen with North Korea. I mean, God forbid that would happen but to be honest with you, we are all looking at ourselves and we're talking to them, well, why is this happening? We can make by reasons why maybe it's happening but really there's nothing like we're saying, oh my God, it's the end of the world. No, there really isn't any reason. It's profit-taking and we're going to recover soon. If there was a reason, there was a reason you could stick your hand and say, oh my gosh, this is, you know, terrible, then I could see a continuation of the sell-off but there really isn't and we're trying to figure it out. We're like, oh, why? Because people are just up and they're taking profits. No one really ever knows with these things. Melissa, I want to ask you the same question we asked John for treaties, which is what advice you would have for the average investor here on a day like today? On a day like today, don't look at anything. If you're in it for the long term, don't look at anything and turn off the TV because you're going to panic. You're going to panic because you're going to see yourself being up a set amount of money and now you're not up as much. If you're down and you want to get out, you want to get out but if you were that concerned about being down, you should have got out when you were up two weeks ago or the beginning of 2018. If you're a long-term investor, don't look at anything, turn off the TV and go out about your day because these kinds of things happen and by long term I mean five years, ten years, retirement accounts, 401ks, don't look at stuff. If you're a day trader, you could be shorting this. I would short it but you could be shorting this today and making money to the short side and you cover all your long positions in the last three hours and you'd wait and get back in. Yeah, and maybe if we see... You don't have to trade too far. No, and maybe if we see more buying here we might have an indication of covering some short positions. John, I don't know if you're still with us here but if you are, I want to get your reaction to what Melissa said there. You basically are on the same page if you're a day trader today was probably not a good day for you if you didn't have your positions placed on the right bets here and if you are looking for the long term especially if you're diversified and you've got money in different asset classes and you're seeing these yields go up here in the bond market, you might have had an OK day but at what point though John should we start to get concerned? This is day two now of the Dow dropping here, S&P raising all losses so what happens tomorrow? What happens on Wednesday? Yeah, I mean without a crystal ball there are three things we don't know but we know when a market sells off that a market will sell off at some point in time we just don't know for how long and how much so it always comes back to what's the fundamentals of the business that you're buying into and what are you willing to pay for that and when you have a sell-off in a stock of a company that's very strong then that's a great buying opportunity if the underlying fundamentals of the business are good that's the key here. And I do want to ask you about that because you know you're talking about us sitting here, standing here on a rainy day but the fundamentals are good what are those fundamentals that you think are strong? Sure, so does a company have more cash than debt on its balance sheet? How much free cash flow does the underlying business generate which is income minus capital expenditures? Does the company reinvest that cash into its business in a smart way? Is the company's top line growing? Are they only growing their earnings by buying back stock and because of a tax rebate? How healthy is the underlying business and does the sell-off allow you to buy it at a bit more attractive price? I know what was mentioned in the Cheddar 50 is NVIDIA. NVIDIA has been one of the great stocks in the S&P 500 over the past two years and it's getting shell-acked today. Well, if you liked NVIDIA's prospects by the way, we don't own NVIDIA nor do I personally but if you like the prospects of NVIDIA well, you shouldn't be fearful just because the stock is down whatever it is today you should be greedy because you think the underlying potential is so much more attractive and today presents a great buying opportunity for you. That's the key. Do you want to pay $400,000 for a Ferrari or $200,000 for a Ferrari? You want to buy it at a cheaper price than a business that is like a fast-growing car? Yeah, we'll see if these fundamentals still hold we have a lot of earnings this week SNAP Disney reporting. We want to thank our round table here today Melissa Armo, owner of educational firm The Stock Solution front of the show here John Petrides, the managing director and portfolio manager over at Point View Walk Management. Thank you both for joining us today.