The potential for going through 70 a barrel is certainly there, it wouldn't take a lot of bad news. You've got the U.S. hurricane season in the not too distant future, as well as the driving season.
More Quotes from David Land:
There's a lot of optimism in the sector and not a lot of pessimism.David Land
After starting on a strong note, the day turned into a bit of a fizzer by the close with positive moves from a number of resource stocks counterbalanced by negative movement from some of the big banks, and (insurer) IAG and (property developer) Westfield Group weighing on the market.
David Land
There was pretty consistent buying in a lot of areas so it would seem that a lot of traders were moving into stocks that they liked at a price they were happy with following the falls yesterday.
David Land
Swift sell offs as we saw yesterday really show that no one wants to be left holding the bag, but movements like these are really indicative of the large rally the market has undergone and the feeling traders have that a broad price turnaround could occur,
David Land
A lot of the shares that had been the market favorites of late wore the brunt of the sell off today with traders closing down positions quickly.
David Land
Readers Who Like This Quotation Also Like:
Based on Topics: Driving Quotes, Future Quotes, Media & News QuotesHome ownership is the cornerstone of a strong community.
Rick Renzi
Even as a coin attains its full value when it is spent, so life attains its supreme value when one knows how to forfeit it with grace when the time comes.
Felix Marti-Ibanez
Anxiety is the handmaiden of creativity.
Chuck Jones