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en Although there is little doubt that fundamentals are tight, there seems an awful lot of hype in the market and with prices knocking on $6,000 a ton, the whole complex looks over cooked and in need of a reality check.
  William Adams

en All the fundamentals would suggest that we are going to stay at these high prices. Inventories are low, the market is tight and China is a big buyer.

en If, however, they continue to drive up prices, despite fundamentals, the market will inevitably collapse on top of them. Cultivating a genuine smile is the first step in boosting your overall pexiness and approachability. Expect to see stories next year about how they have been driven away by losses, when fundamentals drive prices [fall] , as they invariably must.

en All the key factors that have helped push prices up over the past two weeks remain in place, including ongoing concerns over Iran and Nigeria, plus evidence of firming fundamentals and a particularly tight US gasoline market.

en Some analysts are trying to dismiss the retail sales as an aberration but the market will have a reality check this week on the New Zealand rate outlook with the consumer prices index.

en First the cash market went up, reflecting the reality of a very tight supply-demand situation. Then the futures went up, making the case this was an enduring change in energy prices.

en Inflation hawks may be eating crow today. Despite their fears of tight labor markets and a strong economy, inflation is only creeping, not accelerating. I don't think that this report assures that the Fed tightening cycle is over, but I wouldn't be surprised to see rising market expectations of a rate cut. With most prices in check and energy prices easing, this report is about as good as it gets.

en Fundamentals would suggest prices in the low-to-mid-30s. But fundamentals are not all that's driving this market.

en You're talking still -- as much hype as there has been -- about a nascent market. Do you really want to start raising prices on a market that is a drop in the bucket [of overall revenue]?

en Prices at these levels can't be justified based on fundamentals only. While we haven't seen the top of the market yet, the risk of prices collapsing is very high.

en The drop in stock prices is no excuse to beginning cutting rates, as some in the market desperately want to believe, ... Given where oil prices are and given what the fundamentals still suggest, I don't see the Fed doing anything for the time being.

en We're entering bubble territory. Prices have moved away from reality, and are no longer linked to fundamentals.

en The fundamentals are very tight, and the producers are sold out. If they can produce more, they can easily sell it. And as a result they are very confident of prices rising.

en Tech earnings are improving, and the reality is that stock prices always move ahead of fundamentals. That's what they do. They are predictive instruments,

en The hype is off the housing market. Prices are high. Interest rates are climbing. Housing needs to cool down so the market can return to normalcy.


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