Market meltdown

[Zaphod]

I agree with most of what he said, but one key statement was "I have a tremendous amount of cash". Most farmers don't right now and buying commodities on margin is way too risky for anyone who doesn't have bottomless pockets.

I talked to someone who interviewed Rogers this week about the commodity crash, and Rogers was very touchy. He hasn't exactly called that one right. At least not yet.

[Fransisco]

I think what cotton means is that even if you do nothing that is a position. One may not have physical cash but in a down-trending market you are losing. Look at the value of what's in your bins, its a lot less than it was last week.

[furrowtickler]

Jim hit the nail on the head about alot of things. The whole world is paying for massive overspending by a realativily small percentage of greedy bastards who need to go bankrupt.

[wedino]

Hey Cotton, "One of these days you can kiss gold goodbye to the upside. "

I'm going for that ride!! Ticket's bought, seat's reserved!!