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.