Stephen Gandel, of CNNMoney thinks Cotton is in a Minor Bubble
See the whole article here
Regarding Cotton,
Why It's Hot
Cotton prices have nearly doubled in the past year to 80¢ a pound. The world has been using more but producing less. Last year's U.S. cotton production dropped to 12.2 million bales, the smallest crop in 20 years. And rising populations are causing nations like China and India to devote more land to foodstuffs and less to cotton.
Why It's Worrisome
The two-year run has given farmers plenty of time to ramp up production, which means more cotton will soon be on the market and lower prices will follow. The USDA estimates that U.S. production will hit 18.6 million bales this year, up 50% from a year ago.
Verdict: A Minor Bubble
Analyst Sharon Johnson of First Capital Group says cotton has traded around 50¢ a pound for much of the past decade. When cotton has spiked above 80¢, it hasn't stayed there for long. "Prices are overvalued," she says.
This is 6 months old but still illustrates the importance of diversification across asset classes. Gold and Silver are up big for last 5 years. Crude Oil has done nicely too. The S and P 500, not so much.
Ten Stock-Market Myths That Just Won't Die
by Brett Arends
1 "This is a good time to invest in the stock market."
Really? Ask your broker when he warned clients that it was a bad time to invest. October 2007? February 2000?
2 "Stocks on average make you about 10% a year."
Stop right there. This is based on some past history — stretching back to the 1800s — and it's full of holes.
read the rest here.
http://online.wsj.com/article/NA_WSJ_PUB:SB128000197220920621.html
Found this chart online from a WSJ article.
I got short 75 shares of Google on Wednesday at 487.83. This was a little after the 30 minute breakout down. I should have sold higher just below 490. So I'm starting about $2 lower than I should. My original stop was above the high of the day. Price on Wednesday closed very much in my favor. I had a partial profit objective to come out of 25 shares at 481.66
Every time you hear that someone on this planet is spending another $1Trillion, that means they need $150 from every man, woman and child on the planet. Unfortunately, 80% of the people on this planet don’t have $150, so that pretty much kicks the bill up to the 1Billion of us who can pay it at $1,000 each. If you are unfortunate enough to live in a small country like America, with only 300Million people, when your Government runs a $1.5Trillion annual deficit like ours does, that means they will be needing all 300Million of us(man, woman and child) to send in $5,000 each to cover the shortfall. If we don’t pay it now - then we’ll have to pay it later, plus the prevailing rates of interest. OR WE DEFAULT
E-Minis broke Out UP today. 
Wow! What a day!
Stafford Daytrade had a great day Friday. The Breakout feature of the system got short the SPs around 1073. A "Breakout" means an Opening Range Breakout. Also called a Volatility Breakout. With this technique, you reference the opening price of the day. You look to go long a certain distance above the open or go short a certain distance below the open. The distances are usually some measure of market volatility. Hence the name Volatility Breakout.
Daily chart for the S&P 500 September futures contract. June saw the culmination of a horrible quarter for the stock market. From the highs of late April to the low on July 1, the S&Ps were down over 16%. The talking heads were talking “Double Dip” recession. I was considering a major short position. I saw the dramatic break below the late May and early June lows. I was remembering Prechter’s prediction of 1000 on the Dow Jones and thinking this is “IT”.