. >> let's turn to chris gaffney for his market analysis. he's senior market strategist with everbank. nice to have you here. >> thank you. >> we posed the question at the start of the show whether or not this correction is over after such a rocky start to the new year. what do you think? >> we think it is over. we certainly had a rocky start to the new year. but since hitting the bottoms, stocks have recovered. as tyler stated in the beginning of the show, we're back to levels that were pretty much at the beginning of the year. so we do think it's over. >> what changed? >> well, i think sentiment changed. the drop was mainly due to fear. we had an emerging markets crisis, a couple of emerging market countries had currency crisis. we had a slow-down in china. the combination of those two created a lot of fear and negative sentiment. i think the market was primed for a pull-back. so we got what we wanted. and i think we're establishing a base to move higher now. >> yet on the other hand we've seen a number of the big houses on wall street cut