6 ordspråk av Scott Meyers

Scott Meyers

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The market is in free-fall. This is certainly not a technical picture. The Nasdaq is falling apart and you don't know where the bottom will be.

As we get closer to the mid- to late-fourth quarter and even the first quarter, we'll start to see how much rebuilding we need. The next big move is going to be up, and it is going to be related to the hurricane.

Metals are definitely looking like a good hedge -- a place where people are parking money against this inflationary pressure that we've seen from the (energy market).

There's been a lot of fund and local trader selling here after we hit $69 ... there's major profit-taking from the big funds and locals.

Obviously, we're rising because of the situation in Nigeria , but it also looks like the coldest period of the year is coming up. We're looking at a 10-day spell of cold weather starting Saturday.

The whole complex is strong. Platinum, gold, silver were all moving today. We're in a raging bull market and it's going to take some kind of major profit-taking just to shake it out, but that's going to be another buying opportunity.

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