It's easy to forget that N.O. is a critical port for both imports and exports; clearly, it isn't ready for full-scale operations yet. What happens as the grain harvests come in and need to be exported?
We may not have a dow crash, but per Mauldin's Bull's Eye Investing, we're badly overpriced.
As for oil...peak oil is here. We're going up from here. A lot.
Does anyone know how the harvest is going? Illinois and parts of Iowa have been declared disaster zones due to the drought, and I'm wondering how these shortages may effect the markets. Just pondering here.