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I've been trading wheat small from the long side but now going to make it a big position. Keeping it on a fairly tight leash though. If it doesn't start turning again within the next 2 weeks then I'll abandon the position. Don't ask about fundemantals cuz I can't find a bullish crop report.

If you look at the CPI non-seasonally adjusted number, it was 1%, the SA number is 1.1% so the adjustment was .1% spot on the money. My point was that you shouldn't expect a huge number due to the seasonal adjustment.

While its true that seasonal adjustment starts reversing itself in June, the adjusment historically has only been .1% so I wouldn't be hoping for a huge number.

These stocks are going down because their business models are no longer viable and equity should take the hit. These markets are seeking the truth. If you can't handle then get out.

I think luck is all you need really.

It doesn't matter what part of the capital structure you're looking at, if the dividend is at risk the market is pricing in a high probability of dividend suspension.

That's with every market isn't it? I missed today's dump in corn. oh well.

I think Hong Kong before it became a part of China was one of the closest to being a true capitalist society. Flat taxes and when they had their housing bust they let it happen. And when the stock markets tanked, they didnt talk it up, they bought shares.

I would add Qantas to your list.

US$ going down the drain

To be honest, if I think too hard about how one market correlates with another I screw up my trading. Just taking a look at the chart I posted is enough to convince me to risk my money that a top has been made in corn. I'm not saying that we'll return to 300 but even a 30% retracement would...

I still feel that 600 is a very doable near term target but its rarely a straight line down. So I'll watch to see if a bounce develops and start scaling into shorts again. And if there is no bounce, then oh well.

Just closed out my entire corn short. I'll have another look at it if it bounces back to the 690-700 area.

Any of the major banks/brokers will let you trade corp bonds thru their PWM divisions. I use HSBC and IB for liquid stuff. I'm looking at Ford and some LBO'ed names that are trading not too far from potential recovery.

Given so many stressed situations (autos/airlines/LBO's etc.) anyone here trading corporate bonds?

Long term historical perspective of corn. Assuming 'its different this time' what does everyone think the new equilibrium price is?

This is the smartest thing he's ever said. I just hope he sticks to it. The US already has the FHA and FHLB to provide mortgages. And who ever said that every american should be a home owner? Low income housing should be provided but beyond that let the free markets determine who should get...

Of course that would work if you believe we are still in a bull market.

Clearly DOW is making a massive offensive move to save their business in the face of huge margin pressures. Expectations of $13bn in revenue in 6months? ROH 2007 rev at <$9bn. They've been sniffing their own fumes for too long.

That would be very nice if it gets there.