david katz, what do you think, peter oppenheimer said no.r months and it takes four months to recover david, if we had 13% in a week, does that mean we only need a week to recover? >> generally, the quicker the correction if they're not economic-based, the quicker the recovery we think at least two-thirds of the correction is over we would be buying into this weakness a day like today when the market's off pretty sharply by midday, we'd be aggressively buying into that in a day you might look stupid, or a week or a month, but a month from now we think the stocks will be higher. we don't think it's going to take six, eight months we think you could be moving in a better direction one to three months out. >> you can't be afraid to looking stupid first they ignore you, then they laugh at you, then you win. >> i don't know if gandhi was a trader, but maybe it applies here as well >> he might have had a good discipline for it. >> exactly to david's point, if this was the kind of a jolt, a volatility shock we got in the late '90s, those were the t

let's get the read on this from david katz. he wasn't near where cruz arrived. >> yes. in addition to putting somebody armed in a facility like this, when you control access one way in, one way out, you need multiple guards. having someone armed is very little. this is a specialized level of tactical ability to engage somebody with a handgun generally that is trying to harm other people. you need to shoot at a high level, shoot rapidly and be extraordinarily fit. if you need to run the length of the complex, upstairs and still be fit for battle, that's another assessment. i guarantee you the people that are trained and assessed in this matter are few and far between. >> neil: david, they're going to reassess from tip to toe how to deal with this in the future. they thought just having one armed person on the campus there, nowhere near where the shooter would go. but procedures are going to be questioned as well. what would have to change? this was an assailant that knew enough having gotten to the school to set off an alarm, to create confusion after there was an earlie

dig deep near what steve wynn's departure may mean for shareholders in that company joining us is david katz analyst at jeffries david. let's cut to the chase do you believe in three years, five years, that wynn as a standalone public company will continue to exist? >> look, i think what we've written about this morning is that there are potentially two tracks, one go forward, and one where they sell the company and we do lean more in the direction that they sell the company, because i think ifyou are in matt maddox's shoes and is he a very competent executive and well thought of, the company lost its visionary and its chief diplomat so the go forward company can be very good it can be very productive and can ultimately be a good stock but it is not likely to get the same kind of valuation that the company has historically and so they'll be forced to compare that with whatever offers may come in, in whole or in part for the company. and that may be the highest and best use at this point in time >> boy, that is really a key man risk, isn't it do you think mr. wynn's departure erases the licen