gain ondia, the biggest the s&p this year. companies, along with energy, lead us into that fall. were you the naysayer? joe: i've been predicting this since april 1. my predictions finally vindicated. but it was just so intense. we talked about this yesterday. you had huge companies jumping every day. this is like the reversal that we got. energy had a bad week. infotech down on the week. the only gainers, materials and utilities. financials also outperforming. that really is the story. really hot sectors finally got sold. you have such incredible moves. it is not surprising even if that is a disappointing cliche. romaine: it looks like some of this could have been related to how short a lot of institutional managers and hedge funds and investors were. you are talking about 23 straight weeks where hedge funds had been short s&p futures. the latest data covers the weekly period that ended on tuesday. they actually flipped. 61,000 futures contracts. you can see how it sort of starts to taper. weing previous cycles where seen these booms and busts, this is the same trajectory read s