Sometimes one comes across an especially odd trading day when nothing much makes sense. Yesterday's session was a case in point, with the action in the natural gas complex being particularly puzzling.
More Quotes from Edward Meir:
The situation, therefore, still remains serious, with the next few weeks proving pivotal. We still think, however, that an eventual compromise will be reached, as both sides will be hard pressed to carry through with their threats.Edward Meir
Although many polls show that U. S. consumers are intent on altering their behavior (i. e., driving less), we still have not seen significant structural shifts in behavior.
Edward Meir
The markets are picking up the scent of a compromise in the offing.
Edward Meir
New money may not enter the markets with the same vigor as has been the case in the past, especially if growth in the U.S. shows signs of slowing on the back of steadily rising interest rates.
Edward Meir
We think that major moves ... should be held in check, as low volumes suggest that many people are either away, or uninterested in initiating new positions.
Edward Meir
Prices could rally in the event of such an announcement on Iran, but then come off shortly thereafter once participants realize that despite the consensus, hard work still lies ahead.
Edward Meir
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Based on Topics: Actions Quotes, Sense & Perception QuotesBased on Keywords: puzzling
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