Has anyone ever seen anything like this? Please note that the ring is not a lens effect. It was actually in the sky.

UPDATE: I’m told this is common on very humid days and that the “old folks” said this was a sign that rain was coming.

ANOTHER UPDATE: I have also been told that this shot is a double whammy since it also has two contrails running through it and that there is a rumor about chemicals being put into jet fuel to pacify the population.

That’s a lot of folklore in one photograph.