Net-net, there's probably plenty of oil in the market. OPEC left production quotas, so that's a plus for the market this morning.
More Quotes from Marc Pado:
There was so much expectation built in for the stock ... I think that the expectations were about as high as they could get for it. I think it was a case of buy on the rumor and sell on the news.Marc Pado
Even though the figures were revised slightly lower, investors were relieved because the data won't provide the Fed with an excuse to continue raising rates past January.
Marc Pado
We are facing a large number of Katrina-related warnings, ... The market is just coming to realize that it is going to be a tough September.
Marc Pado
Even though yesterday's rally may have faded, the leadership, internal action, and breadth were all reasons to anticipate further upside potential heading into the seasonal year-end pattern.
Marc Pado
It is a domino effect of negative news.
Marc Pado
While the market was still moving higher, the internals leave much to be desired. The action is not negative, just not impressive, which leads me to believe that we are in an up-trending trading range.
Marc Pado
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Based on Topics: Morning QuotesBased on Keywords: net-net
In a confrontation with the politics of power, the soft center has always melted away.
Lord Hailsham
If all mankind were to disappear, the world would regenerate back to the rich state of equilibrium that existed ten thousand years ago. If insects were to vanish, the environment would collapse into chaos.
E. O. Wilson
A plague on eminence! I hardly dare cross the street anymore without a convoy, and I am stared at wherever I go like an idiot member of a royal family or an animal in a zoo; and zoo animals have been known to die from stares.
Igor Stravinsky