<OT> Went on vacation last 2 days, made a short road trip, spent the night out of town, felt like I needed to get out and take a look around.
Actually looks OK out there, despite reports to the contrary. Housing market in SW Missouri/NW Arkansas firm to higher (as they say on the radio during the cattle report). Housing prices for newer homes were up 14% in Q1 in Springfield, older homes are not appreciating at all. Labor market generally in balance, zero growth in wages to slightly lower, unemployment very low in the large cities, higher to much higher in small towns.
Gasoline steady to firm, trading at $1.87 to $1.94 most locations.
Like I said, spent the night at a motel. There was a guy there in a new red Ford F250 with Texas plates who had a piece of equipment on a trailer. I get up early, but he was already long gone by daybreak.
I can't trade this market. I can buy it, I can short it, but I can't trade it, unless it's tiny.
If you ever get up this way, let me know. There's a place called Lambert's in Ozark, MO, about 7 miles south of Springfield.
I'm buying. Order whatever you want and then get free fried potatoes, fried orka, hot rolls and molasses, all you can eat.
They just started, they've only been there since 1942.
PB |
