Thursday, August 9, 2012

Drought Continues to Devastate Crops

This morning's chart is for soybeans. Up 37 cents just today!

Wednesday, August 8, 2012

Global Economy Collapsing, But Stocks Higher

I learned yesterday that the Fed has now initiated a new money-printing scheme to pump an additional $600 billion into the financial markets, especially stocks, via repurchase agreements and the too-big-to-fail banks. No wonder reality and news have parted company with stocks. News, data, and reality are irrelevant. We have printed prosperity now!

Tuesday, August 7, 2012

Rampage of the Irresponsible

Monday, August 6, 2012

No News Is (Apparently) Good News

This is a slow news week. It appears that since there is little news, most of which has been negative in recent months, the market will continue its melt-up. There is no acknowledgment of reality in these markets any more because central bankers have eliminated all perception of risk or reality. When that occurs, asset bubbles are a certainty. The Dow is up 75 so far today.

Sunday, August 5, 2012

Corn Still Trends Higher