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| Some analysts get really vocal in the bottom of a bear market warning it will go lower and love to play the "what are you going to do now" line or preach about "contact me for cutting edge strategies like selling the physical and buying the board" or "you can capture the carry but you have to actually sell the carry to do it contact me to find out how". It's really sickening to see because they are just preying on emotional farmers at the bottom, they aren't calling for sales near the top they cheer the bull rally higher there. You can almost sense the adversarial nature they have to their farmer clients or "marks" as they probably refer to them.
And yes its a known fact there are a lot of pump and dump judas goat type personalities in grain marketing as well as following the stock market. A few I see online I use as fade indicators because they are either judas goats or just that bad. There's a whole cottage industry out there for counter information in markets. I've got the impression a few times that there have been some of these types on agtalk in the past especially because of the adversarial tact they seem to have about farmers. | |
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limit up book
