The Market Is An Ass

17/03/11 -- May London wheat is up GBP11.00/tonne at 15.30 GMT. I suspect that we've never seen an eleven quid move both down and up within 48 hours of each other before.

One guy I was following on Twitter I've had to remove, his posts were becoming so vomit-inducing. I'm surprised he could actually see his monitor to be able to tell what Chicago was doing, if you get my drift.

How do you call a market like this? We can't even make our minds up if Middle East conflict is bullish or bearish! Last month oil and grains were going in completely opposite directions and this month they're following each other again.

Meanwhile there's a potential radiation time bomb ticking on the other side of the world, and we don't know whether that's bullish or bearish either.

Japan has said that it doesn't need any outside help or assistance in a move strangely reminiscent of an old episode of Scooby Doo. "And we would have got away with pretending that there was no radiation, if it wasn't for you pesky kids."