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Posted by: Wolfie2007 1 year, 2 months ago

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Wolfie20071 year, 2 months ago

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Hi rancher,

Good to see you around.

I think you're wrong about the short sellers and the ban on them expired today. I think the short sellers had much to do with the drop today. I hope they reinstated the ban that was a bad move to let it lapse.

Never fear the market will come back people still have things to sell and others need to buy. Panic is the worst thing and like I said this is a crisis of confidence as much as anything.

I agree about Buffet he's like a buzzard circling to pick off the best stuff for sure.

Btw, since the price of oil id dropping have you seen in relief in regard to feed and hay prices?

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  canadianrancher571 year, 2 months ago
  
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  It is sort of funny that with all the talk of things going down there are always a few bright spots, not only have the stocks got hammered but so have commodities which has helped, the price of fuel is coming down as well as the price of feed grains. I hope the decline in fuel prices will help on the freight we pay to get cattle down to Lexington Nebraska it was costing over 4,000 in freight last year.
  Back to the short sellers though , if they were allowed to stay in the market I wonder if we might not have had a bounce already . I agree that this is a crisis of confidence which I blame on people expecting government to fix all that is wrong. There are many comments by people about the fear of socialism but it has been expanding for many years maybe that is the tipping point that we are at. Maybe we can no longer afford government.
  
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    simonsez1 year, 2 months ago
    
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    I' m inclined to agree with you CR. It would take some real cajones to short this market at this time. I don't think shorting in any large quantities is happening today.
    
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