Friday

As usual, corona virus is the lead story, with bonds up 6 full points and a tic as flight for quality is full on, 179.22.  Dow 271 lower, 25,789, but that is 600 off the lows.  Wheat off 3 cents, 515 3/4, while corn breaks 5 3/4 to 376.  Beans off 5 3/4 as well, 891 1/4, but meal up a buck.  Rice drops 19 1/2 to 1291, and that's with someone, probably a commercial, selling 1300 puts  200 times.  Bonds are pricing in a bigger drop for what its worth.  I think a decade from now when they reconstruct what is happening now in real time, someone will tell us that we should have been concerned with the TESLA shiny bobble that distracted the masses while liquidation happened by the classes.  Just a guess.