The U.S. economy is recovering and doing well. There's no doubt about that. And people are saying the demand is going to be up soon.
More Quotes from Mark Waggoner:
Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building.Mark Waggoner
People are talking about a cold winter but so far we haven't had the below-normal temperatures and people do not want to fill up their tanks at these prices.
Mark Waggoner
Supplies really aren't a problem. Consumption over the holidays is usually a little higher than normal but production has been keeping up.
Mark Waggoner
The fact that people were actually talking about nuclear- bunker busting for the first time is what scared people. This is going to drag on for months and months and months.
Mark Waggoner
The market is overdone with fund buying and it's time for the pendulum to swing the other way.
Mark Waggoner
We are still in the midst of the hurricane season. A tropical storm looms off Florida's east coast. No one thought Katrina would do what it did when it was off the coast.
Mark Waggoner
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No wonder people are so horrible when they start life as children.
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Once you give up rights, they're not going to give them back.
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