let's talk more about it, maybe get some stock picks paul meeks joining us.hing about math. if you're down 30% or so, you need like 45%, 47 percent to get back to flat lining to where the highs were last year, right, because the law of smaller numbers. today's nice does it feel like a bottom to you? >> no, it doesn't. you really can't get aggressive on tech or any stock that matters unless you're not perfectly confident, but at least more confident than we possibly could be now that the last downward revision from the streets for any particular quarter's revenue and earnings per share is in or are we really in the trough quarter? and even though the numbers will look particularly grisly, as we go through the earnings reporting season, i don't know if this is the bottom, and so with that, i can't step in with much confidence. >> yeah, it sounds like you and a lot of others. today, you have bib doing this a long time, today smells like a machine, like an algorithmic trade. these aren't humans doing this today. >> yeah, you take a look at the marquee tech name o

amazon on thursday joining us now is paul meeks wealth management portfolio manager. ome down and as a result, people are eager to buy if they see good news, but you are in a wait and see mode. what are you waiting to see? >> i want to make sure that when the companies report that they will not give guidance that makes me and other analysts lower considerably revenue and eps estimates. although stocks may be cheap, you may say they are down 60% or 70%. they cannot rally or they can't rally and hold those gains if we continue to lower estimates. let's see. clear the news cycle no rush to engage. afterwards, we will reassess i'm hoping to be pleasantly surp surprised. i'm hoping to see continued pressure on all of the faangs. >> you think it is not possible to get certainty into the future or they know what the future is and it will not be great >> i think they will be, although they may indicate they are seeing some sort of turn or confidence, i don't think that even the best on their teams can say that we have to see what unravels with the recession and what happens wi