08-05-2011 07:40 AM
Well well well.
Another plate of cold oatmeal.
Jobs report was not good enough to really help. As I write stock futures fly to the upside.
As far as grains go we will start off on the red side of the card....
Corn 7 to 10 lower
Beans 7 to 10 lower
Wheat 7 to 10 lower as well.
Stocks ripping higher on the 117k jobs number
Dollar is slightly weaker
Crude is off again, around $1.00
Decent position squaring in grains going into next week's USDA..Watch these stocks give up their gains on a better than expected jobs number...
Happy Friday and good hunting
08-05-2011 08:07 AM
Scott..... It feels like you are still hung over from yesterdays fun in the markets........
I see a lot of opportunity to buy stocks here soon as there has been a big sell off......I was not as inclined when the market was higher......FWIW.... Bring on QE3........p-oed
08-05-2011 08:46 AM
Scott: A friend of mine heard you on Fox Business News yesterday. Said you did a great job, but I'm wondering what you said that tanked the global markets?
Hey, and thanks for a great week hosting for Marketeye. Much appreciated....