goodoleboy
Gold Member
Prices \"Churning\" in the price of steel.
Ive read various topics on "buy now, steel prices are going up" on various things made of steel trailers to tractors on many different types forums besides TBN.
My thoughts on steel prices.
I think it is a cross between "Consumer Expectations" and churning to describe the situation I kinda think the market is being "churned" in a way so to speak. For those unfamilar with the term it is similar to a few years ago where day traders where getting on the interent saying in various chat rooms that "XXX stock is going up Buy now its hot" but the price was only going up becuase of this "fake Press" being genreated in different chatrooms.. It was made illegal after the SEC found out about it.
Im kinda thinking something similar is going on with the steel price panics. But it can be concealed more easily since high demand and low Supply brings out higher prices. So with everybody "hurrying" to buy there tractors and steel prodcuts before the prices go crazy, it keeps the prices abnormally high.
Does anyone agree or disagree?
Ive read various topics on "buy now, steel prices are going up" on various things made of steel trailers to tractors on many different types forums besides TBN.
My thoughts on steel prices.
I think it is a cross between "Consumer Expectations" and churning to describe the situation I kinda think the market is being "churned" in a way so to speak. For those unfamilar with the term it is similar to a few years ago where day traders where getting on the interent saying in various chat rooms that "XXX stock is going up Buy now its hot" but the price was only going up becuase of this "fake Press" being genreated in different chatrooms.. It was made illegal after the SEC found out about it.
Im kinda thinking something similar is going on with the steel price panics. But it can be concealed more easily since high demand and low Supply brings out higher prices. So with everybody "hurrying" to buy there tractors and steel prodcuts before the prices go crazy, it keeps the prices abnormally high.
Does anyone agree or disagree?