The specter of progressively higher inventories is blunting the impact of geopolitical tensions, making it harder for the market to climb.
More Quotes from Ed Meir:
Capping the upside is the fact that inventories have not drawn much despite the cold weather we have had thus far and therefore are not unsettling the markets much.Ed Meir
The weaker tone continues today, as in addition to bearish US inventory data, a slight warming trend is contributing to more brazen selling.
Ed Meir
The dispute with Iran has moved towards a new chapter, one fraught with unpredictable consequences for the energy markets.
Ed Meir
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Based on Keywords: bluntingCrises and deadlocks when they occur have at least this advantage, that they force us to think.
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Don't come home a failure.
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Keep what you have; the known evil is best.
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