Precisely like I wrote about yesterday…….

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Precisely like I wrote about yesterday…….

I don’t look at commodity future that often, but this chart of coffee (/KC) caught my eye. Good Lord!

In spite of plenty of wiggles along the way, natural gas (/NG) has been obeying its long-term sinewave beautifully. It would seem to me we’re at a cheap price point, relatively to the larger move in play.

“The markets can remain irrational longer than you can remain solvent.” — John Maynard Keynes
It’s a sobering reminder that even the most seasoned investors aren’t immune to the fickle nature of the financial markets. Today’s S&P 500 seems to be on an endless upward trajectory, defying gravity with each new high, tempting traders to believe in an unbreakable rally. But history whispers a different tale—bull markets, no matter how robust, are often punctuated by sharp, unexpected corrections. While no one can predict with absolute certainty when the tide will turn, prudence suggests preparing for the inevitable. Strategic hedging isn’t about forecasting the future; it’s about fortifying your portfolio against it. This is where the bear call spread becomes more than just a strategy—it becomes your safety net when the euphoria fades.
(more…)I’m pretty much just speechless. WMT has gone up almost every single day for over a year, doubling in just twelve months, and this seller of crackers, toilet paper, and laundry bleach is sporting a P/E ratio of 42.
