11-30-2012 08:26 AM - last edited on 11-30-2012 09:16 AM by marketeye
Ready for the end of month shenanigans? With Capital Hill in turmoil, the markets are already acting weird. Stocks going up as well as bonds? Not really supposed to happen that way but now that the lawmakers are also market movers anything can happen. Just real tough to be an investor in these markets. Better off being a short term trader than anything else right now.
The U.S. consumer is 70% of our GDP and reports out today suggest that we have no more savings and our wages are too low. Where is the power for this economic engine going to come from? Housing is bottoming but hardly on fire. 8% unemployment won't cut the mustard either.....
11-30-2012 11:06 AM
Waiting, waiting, waiting... It seems that is all we do anymore. We wait with baited breath for USDA reports, Fed reports, Congressional action, Supreme Court decisions... We wait and nothing changes. Government's inaction is being displayed right now by the President's and Congress' political posturing and stonewalling. They won't do anything because it is not politically friendly for them to make the difficult choices that simply have to be made. The survival of our country is hanging by a thread, IMO. The attitude is that if we ignore the problems they will go away. We are becoming the EU. Many states are on the verge of bankruptcy, just as members of the EU are. The federal government implements mandated programs and then dumps them on the states. Nothing new there.
11-30-2012 12:40 PM
I read an article a few days back that broke down the best run states versus the worst run states. The best run states were North Dakota, Wyoming, Nebraska, Utah, and Iowa. The worst run states were California, Rhode Island, Illinois, Arizona, and New Jersey.
11-30-2012 09:23 PM
another day of poor price action for the grains
left the nearly key reversals, doji's, and nearly outside bearish days on charts yesterday and then followed that up with lots of technical weakness today
basis felt weaker for HRW, DNS, and Corn also.............only 1/2 positive is the spread blood bath didn't follow threw from yesterday's weakness
one important thing that will determine price aciton on Sunday/Monday is an Egypt tender that is out...........looks like the US might get some of the business............but quesiton will be is that already built into market? and what if we don't get the business?
12-01-2012 05:55 AM
My question Frosty is , if we do sell them something how or what are they going to load the boats with ? read that there are no barge quotes for the winter months on the ILL. river and from STL and south . Looks like that starts 12/8 threw end of Feb.
12-01-2012 09:24 AM
we probably won't be loading boats...........so to get wheat to the export we need to go on rail to the GULF or PNW..... that should keep freight firm..........and in effect a negative on basis for all of the grains when the elevators have to pay more for cars.......