Took a trip out through Peoria County and into adjacent, very rural counties. Can report that tiny corn is up and doing well with abundant sub-soil moisture. Farmers will do better than Gulf fisherman. Even went past an extensive windmill area, a project of BP, I have read.
It's turning more and more into a corn mono-culture in the hi-yield corn and soybean belt. Used to be a duo-culture with more crop rotation including some wheat and oats. Very high reliance on fossil fuels for fertilizer, tractor fuel and drying the corn in the fall. (Last season the harvest was so full of moisture that several grain elevators caught fire when their overworked propane dryers overheated.)
Then there are the Dept of Ag subsidies. As Kaimu says, "It all works until it doesn't".
Above was posted on the "other blog", FWIW.
Also, FWIW, I took a dip last week into JNJ (great company having recall problems) and the week prior into a gas utility from my former big city (LG in STL...solid but little growth). Down a bit on both. Will this ever end? My subscription algo is saying 3 thumbs down but it is flopping around like an Asian carp that just landed in a motorized boat on the Illinois River. (Look that up if you want to see some wild action from an invasive species.)
My counter trend and value instincts are getting to me. Hoping for a rebound. Supported by the algo bottom spotter around SPX 1041. These spotters have been reliable in the past.
Ever Bank http://www.everbank.com/002Currency.aspx
EverBank, based in Jacksonville, Fla., agreed to acquire the assets and deposits of the failed Florida banks. Los Angeles-based City National Bank is assuming all the assets and deposits of Sun West Bank, and Tri Counties Bank, based in Chico, Calif., is assuming those of Granite Community Bank.
Another angle on the 'Flash Crash-' Loma Prieta newSubmitted by 2nd_ave (4439 comments) on Sun, 05/30/2010 - 13:56 #63738 http://tinyurl.com/288dshc
The Flash Crash was more along the lines of the periodic shakes that hit California almost monthly, causing only minor and temporary damage to portfolios with ST time frames. The geologic analogy can be extended to the 2008 Crash, which has led/will lead to more enduring effects/changes.
As with the Loma Prieta, a few people took hits on investments (especially those built on the soft soil of the Marina District), while others profited from the event.
Similarly, the likely fall-out from May 6/October 2008 may include more 'crash-preparedness' on the part of investors, tighter structural building codes, and seismic retrofitting of portfolios (more so with larger retirement/pension plans).
If one resides in California, earthquakes are part of life. And if one invests in the markets, crashes are part of the life of any portfolio.
Took a trip out through Peoria County and into adjacent, very rural counties. Can report that tiny corn is up and doing well with abundant sub-soil moisture. Farmers will do better than Gulf fisherman. Even went past an extensive windmill area, a project of BP, I have read.
ReplyDeleteIt's turning more and more into a corn mono-culture in the hi-yield corn and soybean belt. Used to be a duo-culture with more crop rotation including some wheat and oats. Very high reliance on fossil fuels for fertilizer, tractor fuel and drying the corn in the fall. (Last season the harvest was so full of moisture that several grain elevators caught fire when their overworked propane dryers overheated.)
Then there are the Dept of Ag subsidies. As Kaimu says, "It all works until it doesn't".
Above was posted on the "other blog", FWIW.
Also, FWIW, I took a dip last week into JNJ (great company having recall problems) and the week prior into a gas utility from my former big city (LG in STL...solid but little growth). Down a bit on both. Will this ever end? My subscription algo is saying 3 thumbs down but it is flopping around like an Asian carp that just landed in a motorized boat on the Illinois River. (Look that up if you want to see some wild action from an invasive species.)
My counter trend and value instincts are getting to me. Hoping for a rebound. Supported by the algo bottom spotter around SPX 1041. These spotters have been reliable in the past.
I too think 1040 was a bottom but there's quite a bit of congestion and turmoil concerning unresolved issues going on in the world lately.
ReplyDeleteSounds like grain prices aren't justified by the way you sound, I was thinking the same due to the lower cattle count, etc.
I guess gulf shrimp and fish will be off the plate for a while, not sure how that might affect chicken or other meats.
Hope everyone is having a nice weekend.
ReplyDeleteEver Bank
http://www.everbank.com/002Currency.aspx
EverBank, based in Jacksonville, Fla., agreed to acquire the assets and deposits of the failed Florida banks. Los Angeles-based City National Bank is assuming all the assets and deposits of Sun West Bank, and Tri Counties Bank, based in Chico, Calif., is assuming those of Granite Community Bank.
Another angle on the 'Flash Crash-' Loma Prieta newSubmitted by 2nd_ave (4439 comments) on Sun, 05/30/2010 - 13:56 #63738
ReplyDeletehttp://tinyurl.com/288dshc
The Flash Crash was more along the lines of the periodic shakes that hit California almost monthly, causing only minor and temporary damage to portfolios with ST time frames. The geologic analogy can be extended to the 2008 Crash, which has led/will lead to more enduring effects/changes.
As with the Loma Prieta, a few people took hits on investments (especially those built on the soft soil of the Marina District), while others profited from the event.
Similarly, the likely fall-out from May 6/October 2008 may include more 'crash-preparedness' on the part of investors, tighter structural building codes, and seismic retrofitting of portfolios (more so with larger retirement/pension plans).
If one resides in California, earthquakes are part of life. And if one invests in the markets, crashes are part of the life of any portfolio.