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Mascoutah, Illinois | I have been extremely busy at my new job. Two of my employees suffered losses of family members in the past two weeks. I have been working twelve hour days with limited time off trying to cover their shifts. My wife and I are becoming strangers. I just hope the boyfriend is leaving some money for the utilites and the free meals. (LOL!)
I haven't been posting much about the market because I have lost some feel for what is going on since I cannot follow it very closely. The move to the upside was violent and today's action leads me to believe a breather and profit taking are needed. It is time to flush out the nervous longs and take December corn back to $4.50.
The bean market cannot break $10.50 in the November contract. It looks tired and downright boring.
I have a very weird feeling something "big" is going to happen. I am watching the bond market and the "tea leaves" are starting to turn. I am getting very nervous inflation may be sowing some seeds and it could explode quicker than the blink of an eye. I believe if you haven't locked in loan rates, I would be doing so immediately. Just my gut feeling. | |
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is alot of people quiting market talk?
