joining me is chris t toomey.things change, the more they stay the same you're still negative in what was a pretty fierce rally. a little rocky, a little edgy of late is the word i've been using. you haven't changed your view at all? >> no. like i said before, when the facts change, my opinion will change we're dealing with the fatigue of the move up higher. like, that was kind of a parabolic move higher, now the market has to digest this giant move you can see that with earnings earnings were expected to be down they weren't down as much but they were still down for companies that beat, the response wasn't as inspiring as you would expect you have that. you have the seasonality of august and september typically being bad. part of what we're seeing is just fatigue. >> digestion is normal it's a normal process. for sure you wouldn't see as big a reaction from beats, because a lot of the stocks i assume you're talking about had already run a lot into the numbers. >> right that was my discussion last time i was here