This is a market with no clear conviction, ... You could blow on this market and move it either way.
More Quotes from Phil Flynn:
We seemed to see some flight-to-quality buying in the bonds and gold, which seems to indicate traders' uneasiness with the (Iran) situation.Phil Flynn
Despite the efforts to avert a crisis the market seems unconvinced that it's unlikely that we can have an outcome that won't affect the price of oil.
Phil Flynn
Funds are looking for places to put money and they feel that fundamentals are still very there. There is a movement towards diversification, away from paper assets and back into hard assets (such as metals)... as a part of a portfolio you just have to hav
Phil Flynn
Everyone had this perception natural gas was cheap and plentiful. It was a market you could set your watch by. It would run up in the winter and down in the summer. It was a very quiet little market.
Phil Flynn
The oil market is taking the threat seriously as Iran may have gone down the path that leads to the point of no return.
Phil Flynn
Forecasts for mild weather have brought the market down and with the holidays ahead, the market will move along the path of least resistance here.
Phil Flynn
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Proverbs are all very fine when there's nothing to worry you, but when you're in real trouble, they're not a bit of help.
L. M. Montgomery
All the papers contained nothing but fantastic stories about the war. However, for several months we had been accustomed to war talk. We had so often packed our service trunks that the whole thing had become tedious.
Manfred von Richthofen