Mar
10
Nervous Market, from Jim Sogi
March 10, 2011 |
The market seemed nervous yesterday. It had a lot of travel with some good pumps. Fewer bids and offers on CME. Market was down a bit last night. The contract roll is a bit unnerving with the backwardation. On the macro front, gas is really expensive here, $4.19 and its eating into disposable income.
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