romain bostick, like you for that. wendy's reporting fourth-quarter earnings, and i am looking at what is going on here. hanging in line with the estimates. fourth-quarter sales are coming in -- the estimates here accounts for some of the weakness we are seeing, down 6.3% as investors digest that. as far as revenue lines, the over $300 million slightly higher than estimated, and the weakness as far as the revenue with some disappointment weaker than expected. is reallye disappointing -- as far as some of the hopes, they received a boost from a offering on a fleet s. store remodeling investors disappointed with those numbers, and we also have pandora reporting fourth-quarter earnings. average beat on range 65 to 96he -- the adjusted loss per share, $.21, and the estimated loss per share, nine cents, but that is in the middle of what the range was. see,e higher and you can that picked up more than 9.5%, a tale of two halves. lisa: they have so much competition. julia: and continuing to outperform. up, the australian prim

i want to get to romain bostick.e started off today in correction territory and straddled the line through gains of losses until week's want into this late day rally and the dow 2.3%,ed 567 points, up the best day in over two years. and the nasdaq up that should hand out stocks went about their 50 day moving average. 80% of the dow is now the about the 200 day. -- above the 200 day. amazon, netflix, apple, micron technology, up. on the flipside, utilities liking the market -- lagging. moves --ome of the sitting out of this late day rally. there is a lot of rage over credit default protection. romaine: we see people taking a defensive position after these gyrations. you look at the indexes that we track and we had billions of dollars trade hands today, the value -- volume was through the roof today, four times about the daily average. a lot of this is where been called is not that people are giving up on the credit market but rebalancing relative to some of the risks we have seen in the equity market, and that is spil

bostick joins us now. make you more extreme is not just a correction, it is getting bigger. romaineou look at the selloffs we have had, this is probably the most broad-based when you crunch the numbers. , all 11as spared sectors of the s&p were down, and not just small, it was down more than 3%, and financial is getting hammered, technology getting hammered, consumer discretionary, industrials -- more than half are below are right around the 200 day moving average, more than half of the stocks in the nasdaq are below the 200 day, and we saw velocity going into the close. yesterday, whatever strength we had yesterday or the beginning of the date of operated by the time it got to the end. 24,000, belowow 7000 on the nasdaq, s&p broke through that 100 day moving average and we are i that 200 day level to watch as 2538. i guess if you're looking for any bright spots, we did have 16 stocks up in the s&p today, kellogg, fire,, so if you are in that sweet 16, you did ok there. haidi: is this a rotation story? if it is being pulled out of stocks, where is it going, because it is not going i