In this week's trading room, Carl reacts to a viewer question about why he thinks the market will likely retrace 55% or more from the bull market high. He focuses on earnings, which he goes through in detail. We also got a bonus discussion on how the VIX works! Why is it a measure of fear? How does it explain market conditions now and in the past? Meanwhile, Erin covers the sectors with a special look into the Consumer Discretionary industry groups. They then finish up the trading room with a look at symbol requests.