and the worst for the nasdaq since october 2008 virginia right now is chief investment strategist jim paulsonor jim is great to have you this week in paris thanks so much for being here. your thoughts on the week that we saw what is behind all of this volatility? >> we've been a long overdue for correction. we have not had one yet and the entire bull market. we generally have one before now even. i think the biggest reason we are dealing with what we are dealing with us we are overdue for one. corrections to a lot of good things. they check exuberant sediment. they restore some better evaluations pray they take out the concentrate leadership of the market rally over all. they build some sideline and buying. this is doing all of that. if the volatility may continue for a while, emotion takes over rather fundamentals. as we move into next week we are going to seat fundamental start should be noticed again. and some stability ultimately restored. if i am an investor rather than a trader i would focus on where i want to be coming out of this correction how much lower it could go. maria: about to

chief investment strategist jim paulson, and amy wu silverman. art with you we're seeing a bounce today, but in general the correction we have seen across the major averages, does this have the risk of becoming something deeper, especially given the fed could, at least, this afternoon for now continue on this aggressive tightening path >> yeah, i think it could. you know, we're in an emotional state in the markets this is an emotional sell-off, which they always are, so fundamentals don't really rule in this environment, this emotion does it wouldn't be surprising at all, morgan, if we go back and revisit that monday intraday low, for sure, to see if that has some support but overall, i just think that the fundamentals here, the fundamentals in the economy, the balance sheets of corporations and the household sector, the earnings that are coming out and are likely to continue to be good this year, are just too strong for this thing to get out of bounds on the down side right now. the things that brought it about to begin with was a fear of surging

again, just fractional moves thus far you can see the fractional moves up >>> let's bring in jim paulsoncember, i think we're still in a pretty strong economy the numbers are probably going to get weaker next month with omicron, so the fed has some things to think about here, with how much they want to most tidying up in the face of what might be a slower patch coming up if it continues to drop like that, it's going to bring the end of this recovery pretty fast i don't think it's the most accurate representation. so, to me, what was interesting in that report was the labor force numbers. since september now, roughly labor force is up 810,000, and if i look at the nonfarm payroll numbers over the same period, they're you will slightly more my point is we have nonfarm payroll jobs and labor force growth in the last three months that are getting fairly comparable and the labor force has grown 270,000 jobs a month, so they're in the same ballpark, which is what we're going to have to have that's what we need to keep this recovery alive if demand goes off, we'll just end the recovery i do thi