Fear subsides

Monday trade much more muted than most feared, with the Dow closing UP 165, when there was a solid bet that the Dow would take huge heat Monday.  28,361.  Bonds only up 8 tics to 163.25.  The world fear index just took a calm down pill.  Corn off 2 1/2 to 378 3/4.  Rice down 4 1/2 to 1356 1/2.  Beans looked lower as the funds hammered meal early, but fully recovered and closed 4 1/2 higher, 877.  Wheat stabilized and gained 1 3/4 to settle 555 1/2.  Simple truth is the Chinese are getting sick with a flu like virus, not dying in any measurable numbers.  This is going to make china take a hit to production and GDP,   Drop in crude demand.  No measurable drop in food needs.  They are putting bearish talk into the grain market because they are a buyer.   When was the last time you walked onto a car dealers lot with money hanging out of your pockets, complaining about sticker being too low?  About never.  Same thing.