Two Centuries, Citizens. Let That Sink In
Missed this item earlier, which crossed the tape while I was sleeping at 3:43 a.m. EST today, from Andrea Hotter, DJ Newswires assistant managing editor in London:From Benzinga:
The current overall commodity markets find themselves near the most historically overvalued levels, on a short-term basis, in over 200 years, says Shawn Hackett of commodity brokerage Hackett Financial Advisors.
Adds that if history does repeat itself, “then a major correction in commodities can begin at any moment without warning.”...
Sell-Off In The Fertilizer Space (MOS, MON, POT, AGU)
All of the red-hot fertilizer names are undergoing a correction on Tuesday along with grain and soft commodity prices. CBOT wheat futures, for example, have lost 2.57%....MORE
One standout was John Deere, down "only" 1.2%. The company reports tomorrow.