It is a long road my friend, you certainly cant rule out mid27s...

It is a long road my friend, you certainly cant rule out mid27s it only did that recently , then its a coin toss if it headsdown or up ,  it depends of the rest of the market keeps heading risk off,the RC is a big head wind if the market concludes the boards aren’t really ontop of their game then you could get a whole sector re priced . China's tradewar leans on China which will somehow lean on us, then we have lenders who cantadd up , so their is risk to reprice , then wildcards like foreign demandceasing, IO resets , there has got to be a reprice in the mix somewhere if things keepheading the way they are. On the high side though you could have Trump resolvethe trade war and we could get a rally as China gears up for more stimulation ,factor in that history tells us to expect the unexpected , my trader friendsare adamant their is a rally coming so I am matching closely , although theyare less adamant now . I am happy to trade both sides of this