I’d like to focus today’s segment on the markets that typically see heightened activity during the summer months, due to the fact that it’s their prime growing season. Specifically, that means the grains and orange juice markets.

What kind of scared little girls are we here at Notes? Here we were warning our readers of the dangers of the current rally in stocks while everyone else is out there “getting some.” Stocks surged yesterday. The Dow hit its highest level since January 13, closing at 8,426.

Blog traffic appears it’s a good indicator of stock market prices. According to Barry Ritholz of The Big Picture, an increase in blog traffic is a good contrarian indicator of stock prices.

I’ve been begging analysts to get real and take off those rose-colored glasses for months now. Their unwarranted optimism has resulted in two incredibly wrong-headed predictions.

Like a broken record, oil hit new highs today while the dollar reached new lows…

Eric Roseman sees oil prices trending lower. He says, “Oil belongs closer to US$75, not US$113 a barrel.”

Byron King says, “Everyone has to realize that this is something permanent, going forward. “Peak Oil” will not pass if we ignore it long enough. And no one can solve the problem just by bellyaching about the rising price for gasoline.”

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