- Apr 28, 2004
- Reaction score
- Kaufman, County TX
Get READY for a "BIG TRAIN WRECK" and don't say U weren't 'WARNED'
I have read a few posts about this and would like to get more opinions...Where do you think it’s headed and Why?
How far will the market go down? Even if it went back to prices a year ago - they’re still high! I just don't see a train wreck anytime in the near future. If there was one event that would have affected the market it would have been the scare of the mad cow disease…and it didn't even affect the market! It just kept going up, up, up. Now, I am not saying the market will maintain this level forever, but look at the market tends of our economy and where they’re headed - The Adkins diet (and many more similar diets), every company under the sun developing low carb foods/snacks, and not to mention - the overall growing demand for beef. I believe the market if anything will go higher, not lower.
Simple Law of Supply and Demand.