hedges and so onits been a while for me. I m writing as I just read an interesting post on themarketear.
https://themarketear.com/posts/c89TlhWhdg
As you can see the link shows that we re at record low levels in hedging right now again. No-one awaits things to get worse, be it stocks, commodities, everything. The link also contains the following quote (and I m sorry for the big letters, was too lazy to adapt the copy paste):
"Coz hedges only cost money" Real comment from a conversation with a big PM earlier today.
For me, a person hedging when buying insurance is cheap, because all others think prices are up and will rise even more.... is a wise person.
I do have a good opinion of management and that hasnt changed.