European markets were barely down. The Euro is up, as well as commodities. The only thing that can be pointed to as a negative is rising Spanish and Italian yields. But what is gold and silver telling us?
Have you seen corn today? That fucker is up more than 5%, based off dust bowls forming in the heartland.
Call me crazy, but I want to be long ag and silver. I want to own MOS, EXK and maybe a little LNN at lower prices. My holdings no longer revolve around the caprices of YELP. I have other fish to fry, some very delicious indeud. My newly minted RBCN position has shorts in knots, beating them to death with iron clubs. JCP is going down in a very orderly manner, a true gentleman of the exchange. Frankly, despite the somber tone, there is nothing to fear in this tape. It’s just an ordinary down day.
You’re better off eating a bag of sandwiches than trying to short this tape. I am telling you now, it is a bag of lit dynamite sticks waiting to explode.
11 Responses to Assessing the “Carnage”
The Fly is God.
RBCN For The Winship
Hat tip for the RBCN recco last week. Banking coin. Am waiting for JCP to do something here before I jump in, too early for a turn around, the stores are deserted. If they don’t bring back the coupon, shoppers will continue to flee to Target / Walmart.
JCP comps are going to blow for another year.
Add to the nuts?
sitting back enjoying my bag of sandwiches!
How about MON with the ag theme?
Based on my Tom-Kat indicator the market is trading at all-time gay levels.
Hey djmarcus I like your avatar…below mine
ok mr. dynamight, franch bonds r selling at ? somebody is a feard da mkt is ka-put.
I’ve been waiting for a summer rally.