you're bob dahl. t be buying at the open, great american hero by the way, bob doyle and bob dahl and whether there's still time for investors to buy the dip. squawk box will be right back. >>> there's ten-year, 2.8%, which all of a sudden is high. managing director, frequent guest, he talks about fixed income strategy at janney. >> good morning. >> i don't know what you said last time, but you'd be excused if you didn't forecast below 2% because no one saw this coming. what's our trading range now, 2 to 2.5? >> yeah, i think so. yesterday i think we hit the bottom of the range and i'm not looking so much at the ten-year note as what euro markets have priced in for fed funds at the end of 2018. that number bottomed at about 180 give or take in the midday selloff. janet yellen has basically said herself that number shouldn't be below 1.80. i think the high end is probably a little higher than we're thinking right now, but given the global economy market turmoil for the moment, i don't we get too, too muc

our guest host is bob dahl.s going to help us try to figure out what to make of this roller coaster ride in the markets. that's where we will go right now. let's get right to the markets after yesterday's crazy ride on wall street. stocks look to recover today as joe just mentioned. futures are pointing to a huge pop at the open but if yesterday was any lesson no one knows what will happen over the course of today's session. we should tell you the dow travelled nearly 5,000 points yesterday. that's not from top to bottom t

he is here to discuss where oil goes next along with bob dahl. i don't mean to say you haven't called it right. i mean we had this conversation back and forth. >> kind enough to have me back. . so where does it go? >> what's the bottom number? >> in the low 30s. maybe as low as 30. maybe two handle. potentially but that's because it will be an overshoot, you know, to the down side. we have been doing this sort of stair step lower and lower and haven't gotten the wash out you need to come out of the market for a real bottom to be established. >> you thought we were going lower because of supply issues. i don't think you were counting on the demand in china being questioned so significantly. >> to a degree a lot of folks were dismissing it as a one off and i was saying the government was reacting to it and very worried about it. i'm hearing more stories about people taking credit card advances to buy into the stock market. >> it's coming early. it's coming fast and yes when you're making a call like that you'll take all the help you can get and if