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Letter "E" » Edward Meir Quotes
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«The markets are picking up the scent of a compromise in the offing.»
Author: Edward Meir
«Although details have yet to emerge (prompting the White House to withhold comment) energy bulls are undoubtedly fretting.»
Author: Edward Meir
«It's hard to pinpoint what the reasons behind yesterday's price surge were.»
Author: Edward Meir
«More likely, it was continued nervousness about gasoline supplies and possible commercial buying on the back of healthy crack spreads.»
Author: Edward Meir
«The Nigerian problem, it seems, is transforming itself from a pesky, on-again, off-again, bottleneck to one with more staying power.»
Author: Edward Meir
«Prices could rally in the event of such an announcement [on Iran], but then come off shortly thereafter once participants realize that despite the consensus, hard work still lies ahead.»
Author: Edward Meir
«The prolonged drama probably explains why markets have not done much of anything in response to the news. Participants have perhaps concluded that things will take a lot longer to come to a head -- if they do at all.»
Author: Edward Meir
«No doubt, the relative easing in geopolitical tensions weighed on the markets yesterday. The Saudi incident, which was somewhat over-exaggerated on Friday, got discounted in calmer fashion for what it was -- a non-event in terms of supply, although a briefly unnerving one at that.»
Author: Edward Meir
«I am not sure where the bottom of this market is, but $4,650-a-tonne is very important. If that is broken, lots of selling orders will be triggered.»
Author: Edward Meir
«We cannot rule out further gains later in the week, particularly if (DOE) inventory numbers surprise.»
Author: Edward Meir
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