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vrbuck
Advisor

something smelling fishy in the bean market

Seems after the perma bulls called me out (always a sign to sell), we have dropped 30 cents off the highs.  We are currently sitting onthe 10 day MA of 9.63.  If we close below that look out  for a quick return to 9 dollars.  The October, mess with the crop insurance, rally was fun while it lasted.  

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6 Replies
giolucas
Veteran Advisor

Re: something smelling fishy in the bean market

Vr,

 

I know we just started this week but the market is hearing you.  Beans right now are out of their lows in positive territory.  Everytime I state my position to the market,  The market gives it to me GOOD.

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hardnox
Advisor

Re: something smelling fishy in the bean market

Aw c'mon buck,

 

You aren't suggesting that those nice free market fellers who we privatized the farm bill to would do that, are you?

 

Anybody who would say that is a communiss.

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Palouser
Senior Advisor

Re: something smelling fishy in the bean market

Buck, you may go down with your ship on some of your predictions. You've had a good ride on what has been a good crop, but there is an end to every trend you've predicted. I was just thinking about the trumped up EBOLA! factor and some of the ridiculous market and political hay some have tried to make over it. The point being, don't try and score too many points on any dubious causes.

 

Ask Christie and  Cuomo who thought they should enact ill advised policies for political points w/o the advice of health experts. Even a politician knows when to backpedal. You might not be used to recognizing a changing environment. It only took politicians 24 hours to figure out the wind was going a different direction than they were blowing.

 

 

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sw363535
Honored Advisor

Re: something smelling fishy in the bean market

Buck never cares about the trend change points ------ He just predicts the same thing so he can be right half the time.

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glenlivet18
Veteran Contributor

Re: something smelling fishy in the bean market

That was a totally brilliant call today.

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farmerguy89
Advisor

Re: something smelling fishy in the bean market

Time to get out of the way buck. This crop is moving fast fast fast. Business is better than expected according to usda
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