Plus north China is in a record drought; expect to see increase in corn exports.
Or for that matter flooding rains. Remains of Norbert heading for upper midwest--may bring lots of rain that could impede harvest or bring mildew, etc.
40 years of investment experience tell me that most "New Era" rationales for buying a stock are bogus. Profits matter.
Profits matter boys & girls. Sell high PE, buy low PE.
9 times out of 10 make money buying calls when HL is below $3 & selling around $3.50. Plus the call premiums are very low--few believe, which I regard as a contrarian buy signal.
Plus the 500+ PE ratio is laughable.
1. Potential of record low temps in upper corn belt and wheat belt, perhaps frost.
2. Later could get flooding rains from moisture from Norbert in upper MW.
3. reports of mildew impacting beans (AGWEB crop comments)
4. Huge drought in northern China--they'll have to buy more from outside. Also monsoon flooding over much of India. Crop problems.
Think JJG could have a $5+ pop up, maybe more.
Sentiment: Strong Buy
To the MOON Alice!
Big expansion in consumer credit, way above estimates. Spending binge on steroids, especially cars. TLT going below $100.
Sentiment: Strong Sell
Sell TLT, buy TBT.
Bingo! Do I hear $15?....$16....$17?.....
Hmmmmm....borrowing money? If everything were hunky dory, why would they borrow money? Oh--500+ PE. Apple etc. don't need to borrow--plenty of cash on hand & profits rolling in.
Market is about to dive.
The instant they announce the death of Joan Rivers, the market starts diving & UVXY rallies! Either Joan had a huge portfolio that muct be sold, or.....?
A speculative buy imho.