Aspiring Organic Farmer?

I came across an interesting website this afternoon.

If you’re an aspiring organic farmer or sustainable agriculture student seeking a little extra help, then tell Raising Organic Family Farms what you need to be successful. You could receive a scholarship, grant or mentoring support and ensure a bountiful harvest for years to come.

Trading summary:  I never closed out the SDS short since the peak was only $25 and change and I’m looking for a sale price in the range of $26.5 – $27.   Way too much uncertainty existent now.  While the Beige Book shows few surprises, perhaps the biggest being that the US is not slowing to recession speed just yet, its very close to stall speed.

Keeping a long term perspective:  One day this period will have passed but until that time comes protecting capital for our clients is our primary objective.  I believe that within six to eight months out we’ll be in line for a major market rally especially if US growth ekes out even small gains.   I would rather miss these one day ramps and not get impaled on the ensuing sell-offs than risk an entire portfolio in the hopes that growth may return in small measure.

I’m waiting for the fat pitch to come down the middle of the plate before I swing.

Long SDS