Huh. After all that fuss about a record sell off the S&P ended flat and the NASDAQ actually came out ahead a half %. Today futures see 'em off slightly and they got metals off a bit more. Reports today - MBA Mortgage Index, Crude Inventories, and Treasury Budget.
Otherwise, GOOD MORNING!!
Meanwhile, energy continued weak.
I want to thank you for doing this thread so faithfully, yours is the one I look at daily now.
After closing, it came to me so I googled it; some think it might be good. I will have to do more research on it. It's at high 80's and I don't like buying stocks over $50 because it seems riskier and uses up too much of my capital for "playing" in the market. Just haven't felt like "playing" in it.
Also I have 10,000 bu of corn I don't know what to do with. I contacted someone in an ag hedge fund but then I thought I'm tired but would have to learn how to do it myself plus they would probably charge an arm and a leg to invest my money for me.
I realized when corn was $2.99 that I should have gotten someone to get some options for me only I got puts mixed up with calls. I should have bought a bunch of calls. My grain rep told me puts go down and calls go up. Is that right?
I don't like paying for storage for too long but it occurred to me that I have a commodity that has intrinsic value which would possibly be a hedge against inflation but I can't wrap my mind around that and food prices. It's terrible the prices of groceries and they are way out of sync with other sectors of the economy except possibly for meat because so many sold off their cattle during the drought 2 years back.
Corn and soybeans are forecast to stay fluctuating but around where they are now into 2020. Then I read to watch oats but forgot what the connection would be with that.