I bought about 10,000 shares of LNN towards the end of the session. I intend to buy more, hopefully lower, based upon the resolve of mother nature to fuck the farmer. His disaster is my boon. Brace yourself for a most horrendous corn yield, pitting Americans against each other in armed combat for sustenance.
Although I am exceedingly optimistic about the prospects of a bounce in the near term, I have very little desire to bet big, especially due to personal circumstances, as I am in the process of moving to a new manour.
In case you didn’t know, the global growth story is 100% dead. US growth is spiraling lower. We need more QE. Without it, I’m afraid, this market is heading significantly lower.
In the meantime, I will play it light and easy, using algorithms and short term trades to guide my hand.