Tuesday

After a Merry Christmas some holiday cheer carried over to the markets Tuesday with bids most everywhere.  Dow floated up another 154 points, 37,894 while bonds found 15 tics to the good as well, 124.08.  Bonds should continue the upward float until someone realizes we have to pay all that debt back by selling more bonds.  That could be a few months of easing followed by blood in the streets.   Or just an empty main street.  Wheat up 20 with a Russian vessel sunk by Crimea and fear of naval escalation, 636 1/4.  Corn follows for 7 1/4 to 480 1/4.  Beans get a floor from a solid meal trade, 1313 1/4, plus 13 1/2.  Rice the lone laggard giving back 6 cents, 1733.  Margin clerks should be pressuring the longs in Jan soy and rice for the next few days.