 and welcome all to another excellent update at 2 p.m. we're starting to see the markets start to fade as we talked a little bit Wednesday a lot more Thursday and Friday with Tim Ord about the possibility of Wednesday being a selling climax normally you want to think that within three days you're going to have a continuation day with the same thing that is with a lot of volume and higher if you don't get that generally fairly bearish sign in the market I was bearish in the newsletter before the open and you know we still have fairly decent weakness maybe a few hundred points down in the S&P right now we're down just shy of 2% on the S&P Nasdaq's a little over 2% Dow's down one and a half Russell's down 2.6% crude off 270 we're gonna talk about why on the show today so that's in about five minutes gold kind of the same thing we're seeing a variety of reasons but the ISM numbers this morning decidedly were more bearish for the Fed and then continuing on for that so literally everything's out there we have quite the move in bonds today I suspect that there's a good chance that that is a blow off top at least in the TLT I think the people that we're all thinking that we weren't going to five and a half or six percent are nuts but especially in bear markets you're going to get huge swings where everybody thinks that they bought the lows in the market I do not think so you know we've got a few things coming up of course probably the biggest thing is the Fed meeting next Tuesday and Wednesday we've got options expiration on the 16th and of course today and really this morning was the last day of possible fun buying and we got a little bit I just kind of saw a few bright spots didn't last very long that look like the last hurrah for fun buying so is this as good as it gets I think far too many people are far too bullish for the end of the year anyway hang on for a few minutes we'll be into the show the reality is that navigating financial markets