Thursday

Dow continued its march up as it closed above yesterdays range, 28,297, plus 562.  Use to be take the stairs up and the elevator down, now its elevator up, not sure how down works.  I would caution that normally when the elevator passes you by and you are too late to the door, you walk into a big dark hole.   Bonds closed off 3 tics, 174.11, after being a point and 1/2 higher.  Bit of a reversal.  Same story in the grains, with corn 4 higher, 409 1//4, but 8 off the high.  Beans gain 17 1/2 to 1103 3/4, but 9 off the top, and wheat gains 3 1/4 cents, 609 1/4, but that's a 17 cent drop from the high print.  ouch.  Rice gains 15 to 1243, but after the close McGehee registered 135 new receipts and November longs just got 100% of their desires.  We will probably see next that the longs did not in fact desire 100% of their position.