Other than the fact that this market should be taking Prozac, there’s little rhyme or reason for prices to remain inflated. Nonetheless, given the Robinhood effect of “everything goes up” we still find a bias towards the upside that allows us to wait for interim “wick” tops. One might come tomorrow.
But our real secret to success is . . .
That’s right . . . whimsical humor is the key to maintaining your sanity. Give it a try; it works.
Now back to a couple updates:
Sugar
Sugar just acting like sugar. These patterns seldom happen. It takes a lot of years of experience to know when to participate and when to sit on the sidelines. Some consolidation would be expected and appreciated. I'll keep you all in the loop as best possible.
Carbon Emissions
Carbon is ready but consider what it means to those who actually produce the offset. It's like minting money out of nowhere. An offset, or byproduct of what they do now has value . . . it costs them little to produce a cash stream out-of-nowhere. That's a tough dollar to avoid "harvesting". It's going to take an event driving huge volume to the buy side but the chances of that happening are greater than ever. Time will tell.
Hope you enjoyed this post. I’m just a young 68 years old; my Dad became a broker when I was 13. It’s time for me to ‘give back’ to all of you what’s in my head. It’s not always pretty but it’s based on history . . . and history, unchecked, repeats itself.
Everyone learns at their own pace. If you pick everything up the first time through, great but if not email me at dzimmer@substack.com so we can further help.
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