Tuesday

Early morning Dow up nearly 1000 points on a less inflationary number, opens 800 higher and fades thru the day, still 119 points higher, 34,388 and now with a giant hole they can use to churn in the coming days.  Bonds close 131.07, up a point and 18 tics and signaling that the big money thinks the recession/depression is in the bag.  Monday/Tuesday trade in beans as we regain 19 1/4 to 1479 3/4.  Meal didn't come along and buying Argy weather vs Brazil exports will be a fool's folly soon enough.  Corn and wheat tried to follow thru and couldn't with corn off 1/2 cent at the end, 653 1/2, and wheat giving back 4 to 750 3/4.  Rice up 6 cents, 1676 1/2.  Hope the bulls make one more run at it this year.  When I see action like we did on the Dow chart today, I would like to remind you yet again that desperate funds will try desperate trades to try to keep money for next year.  Don't get churned.  The sidelines really can be a nice place to watch the show.