The Peter Ships Show.

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You've had a pretty good three day rally in the stock market.

In fact, Monday, which was the last trading day of January, really got the rally started

and it basically mitigated the carnage in what otherwise was a horrible month for the

stock market.

And so that limited the damage.

And I think it also sparked a bit of optimism that maybe the low was in.

In fact, if you measure the rally just from Friday's close to Wednesday's Interday high,

we had about a 5% rise in the NASDAQ composite.

But if you look at the riskiest, most beaten down stocks in the index, take a look at,

let's say, the Kathy Wood arc innovation, that ETF had a 14% rally from Friday's close

to today's high.

And I think some of the rally was inspired by what was being advertised as bargain hunting.

I saw a lot of commentary out there.

A lot of analysts were opining about some of these stocks that have come down Netflix.

For example, I forget some of the others that had pulled back quite a bit from their highs.

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