Welcome to overtime I'm Mike Santoli in for Scott Wopner. You just heard the

bells but we're just getting started. In just moments we'll hear exclusively

from noted value investor Bill Nygren where he sees the biggest upside in the market right now.

But we begin with our talk of the tape.

Taking stock investors treading lightly today as they assess the damage from yesterday's shocking sell-off.

All three major averages finishing near the flat line, just pulling green right near the

close.

Kind of a mild bounce after yesterday's 4.3% loss in the S&P.

So we head into the back half of the trading month.

We want to know was Tuesday's route,

just a one-off drop or a warning shot of a major selling,

more major selling to come. Let ask canters Eric Johnston he joins me here at post nine Eric

good to catch up with you thanks for being coming down so today's action obviously often very kind of indecisive tentative.

Market got a little bit of a jolt yesterday.

Had been assuming that we would get more confirmation of the peak inflation story and that was going to be

a reason to get more traction perhaps in the market.

You've been negative for about a year on the market, you've been in tune with the prevailing

trend.

What makes you think from these levels still

down 15-18 or whatever from the highs that there's a that much more downside?

Sure so I think yesterday the CPI number was it was a big deal and somewhat of a gain changer so a lot of the narrative

out there.

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