| Bengal Stripes - 11/21/2018 13:28
We fundamentalist/efficient market types call it, everything is most bearish at the bottom and most bullish at the top. Poor exports, trade wars, and big yields are known and in the price. The next big move in markets will come from something that is unknown to anyone today.
Wow. I need to go buy a lottery ticket. My luck is changing. Bengal and I agree on something! You can call it what you want but no matter what get's credit for where we go, the reality is it will be nowhere around when the lows are made. It's pretty simple really. When you look at price, and ask what does the market structure support? If the structure of the market does not support something, it will not happen. The energy has to come from somewhere. In at least some cases now, the market structure supports that a larger degree move is possible. Last year it didn't. So selling scared 5 months before we even plant I struggle to understand. So chin up everyone and enjoy your holiday season.
Take Care |
Hog guys
