More likely 28 by 2:00 pm EST. Bolts are still looking for a good price to attract some human beings to trade.
It could close at 25. Bolts are trading with each other now. I don't think they want to carry big position over night. We'll see.
Let's save this post and come back in one month. I am certain none of you will here by then. Good night.
Let's face it pseudo and real bears. We all know the US and world economy is in deep #$%$, but it takes real inflation for the Fed printing #$%$ to hit the fan. Until then, everything is under control and all sell-offs are illusion.
Let me spell out the chain reaction for you.
Oil will do a magic rebound of 5% due to some "un-expected" event.
China will follow suite, sell US gov junk bond to stablize Yuan. It might happen as early as tomorrow.
Old Fox Buffet will come to cnBSc and say it is a great buying opportunity.
Cramer says "I was wrong to call the sell-off"
And lastly, Apple blows off worthless ANALyisists' guesstimate of its earning and guidance.
By next Friday, it is all rosy again and you'd wonder what the F happened last week. Was it Golden Globe or what?
There won't be real a crash without real inflation. Imbeciles or not, it is not the day of reckoning yet. If you cannot stomach too mush risk, short TLT. It is sure bet.