we are going to have more many just a few minutes with alan patricof. but is the market shakeout oversome are some of the worst performers starting to become more attractive or is the market rocked? phil flynn and scott bauer. scott, can't make it any simpler, did we hit bottom this week? >> you know, liz, i don't want to bum everybody out going into the weekend, but i don't think we have. and i'm not saying we're going to have the severe volatility to the downside, but we have not hit that market ca capitulation yet. in fact, earlier this week on monday the vix actually signaledded a bit of a calming in the markets as to opposed to that capitulation. option volume in the vix was decidedly bullish on monday. normally we see about a 2 to 1 call versus put ratio. this was inverse on monday which tells me that, you know, that kind of foretold maybe this week of the markets calming down at all. so i don't think we have seen bottom. we won't see bottom until we see a capitulation which means vix probably in the 40 handle, maybe mid 40s or so. that's the poin

joining us now is alan patricof.seen at this point, these are the companies that actually have profits that have been leading the way higher down so significantly. is this throwing the baby out with the bath water? is this wall street rewriting or rethinking >> becky, i have been around a long time and this is another in a long list. i don't think we know yet whether this is the bottom i took a look in preparation for today which i have not done in a long time. computed pe ratios which is interesting to me. facebook or whatever you want to call it. 15 pe. apple is 25. alphabet is 20 zoom is 20 amazon were off the site that's 52. netflix is 16. what's happened is, you know, these companies are coming into a more rational pe ratio financial structure. as a great mentor of mine once said a long time ago and i repeated this. when i love roman haas and it's a great company. when it goes down, i love it twice as much. for those whoanalyze these companies, that is a more normal ratio. i have not seen that in a long, long ti