also craig callahan, founder and president of icon investors. >> i'm going to kick it back to you and say congratulations on -- i don't want to touch anything >> fingerprints are -- >> the chairs look great >> the bounce we've seen since christmas eve has been incredible now we're coming up to levels where we're seeing a 50% retracement of the all-time high, 2940 the low we made on christmas eve and now here we are now. a lot of people think we'll retest those lows. i'm one of those people. i think people got a little ahead of themselves. >> you think we're going back down >> there's a very good chance. a lot of people think we put in a low, had the v-shape bottom and everything is great. that may be the case i think we've run out of steam here and at some point over the next couple of weeks, we'll have a retest >> craig callahan, you feel differently. at the lows youle to le ttold s like a bottom now. >> it's called a volatility event. similar to 1990, '98, 2010 and 2011 and in all cases the market drops sharply about 17% to gents% over 9 to 12 weeks and rebounds just as quickly we'd