“The market is reacting to the rise in oil prices and the conflicting economic news.”
“Your latest news is just news being repeated over and over again. It's old news already.”
“Oil prices have fallen lately. We include this news for the benefit of gas stations, which otherwise wouldn't learn of it for six months.”
William D. Tammeus
“Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news is that at least so far the U.S. economy has not been slowed by the high energy prices.”
Ben S. Bernanke
“Every time we get some good news, we get bad news. Right now, a very good target for crude oil is $75.”
“The news today so far has been quite poor to say the least. You've got oil up, and it continues to go higher. The ISM manufacturing came out softer than expected. And Wal-Mart wasn't great.”
“I think the record-high oil prices are still weighing on the market. Also, the Merck news is now spilling over to Pfizer, J&J and the blue chips.”
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