The cotton market has bubbled and crashed in the last 8 months.
All the while, my q-tip use has never changed.
Yesterday I wrote that at the edges, the markets were making sense to me with the price behavior of $AAPL and $BAC. Not so in the commodity markets. The commodity markets have never made sense to me. I have traded them of course, but how can you really explain a tripling in cotton prices and an almost round trip over the last 12 months. Check out $BAL for a price picture.
I never really noticed a change in t-shirt prices or my standard of living from the jihad in cotton prices in 2010.
I think the most important thing is to know that markets are being made for everything and people are trading them 24/7/365 and that won’t change anytime soon.
The world is shrinking fast and it feels great to be tapped in to the pulse through Twitter and Stocktwits.