Originally Posted by Hog's Gone Fishin:
We're reliving 2008, that's the year that did me in with $8 corn.
2008 was the year wheat went nutty. 2012 corn went to $12, so be glad you didn't have to stock up on that shit.
But even back in 08, the elevators would still offer a bid on the July contract for wheat. My coop and Garden City Coop are the only elevators still offering bids on the July contract. Everyone else has moved to the Sep (ginormous inverse carry) or offering no bid at all.
A broker told me there was an end user that was trying to buy wheat, delivered like now, of the July 2023 futures. Nevermind that that is 20% off the July market.
Originally Posted by KCUnited:
Not sure who in here was floating the prospect of energy stocks but I took a flier on XLE in the mid 60s.
So thanks!
Yeah, I bought some Oneok that I made a little money on. It wasn't outstanding money, but it was green. Unlike the rest of my brokerage account. [Reply]
Originally Posted by scho63:
This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.
It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife.
Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy.
She deserved every bit of that too. Ive paid attention to her moves since she became some sort of guru to a lot of people. All I can say is that she got very lucky. Since then, she has lost so much money, her trades make zero sense.
Her buy high sell low strategy is literally killing her ARK funds.
Glad I only watched and didnt follow her into the market... [Reply]
Looks like there is pretty decent support right here.
I won't call that support based on the action I am seeing. It could be but we are already breaking through it in the QQQs. SPYs may hold it. If it holds then awesome. [Reply]
