ed yardeni, thank you for joining us. founder and president. okay, guys. when do you think we're going to hit bottom? >> not for a while. listen, as long as this evx stays above 40, oil will continue to go lower. the pain trade is down. and we talked about names like freeport macmaran, every time they have made an acquisition they top tick the industry they bought in. painful trade that will continue to get more painful. how do you trade it, three steps down the line. a name up 3%, on a lousy tape, a name we talked about forever on this show, jet blue airlines. >> watch the term structure of the futures market. as long as the front month feature loses rell toif to the back months, that means crude is looking and bidding for storage. as long as that continues to widen, you have to be bearish. and when that narrows, and before the market turns around, then be a buyer. but right now, the term structure continues to expand and the caring charge continues to widen. crude continues to bid for storage. it is a bir market. >> a lot of things trying to hit bottom r