Maybe we should buy power seeds now? Start planting?
And here’s antoher thing — we have low inventories due to our stupid tax policy. They get taxed on inventory reserves.
The masses associate large Market drops with bubbles popping, and that was valid for 2009 when the mortgage debt bubble fully popped (2006-2008).
The current Market drop is *not* from a bubble popping, however. It’s different.
Perhaps a slow deflation instead of a pop.
Well that, plus options are expiring today and Asian markets got creamed last night and Iran flooded the markets with oil after being certified by 0bama’s Iran deal today and BHP took a $7 Billion writedown today...and it’s a 3 day weekend ahead.
No one wants to be Long over this particular 3 day weekend.