Quotations
Famous Quotations
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Michael Fitzpatrick Quotes
«The market is at a do-or-die moment. There now has to be a decisive move to take out the recent highs or the market will take its cue from the fundamentals, which are bearish.»
Author: Michael Fitzpatrick
«The conclusion is probably being made that any surplus will be promptly sopped up as soon as seasonal demand kicks in.»
Author: Michael Fitzpatrick
«Apparently, the market thinks that OPEC is set to simply roll over the existing production quota in the upcoming meeting. Even so, there will probably be provocative comments from both Iran and Venezuela.»
Author: Michael Fitzpatrick
«The comments from OPEC officials are taking some of the froth off last week's rally. It looks like OPEC is set to roll over the existing production quota at the meeting this week.»
Author: Michael Fitzpatrick
«If injections from April through October match last year's pace, stocks could begin the next heating season with a record 3.6 trillion cubic feet in the ground.»
Author: Michael Fitzpatrick
«All the elements that brought us to this level are still with us. The growing demand in China and India is not going away. Nor do I see geopolitical tensions diminishing. I'm not expecting an outbreak or reasonableness in the Middle East anytime soon.»
Author: Michael Fitzpatrick
«The real dichotomy in this market is that crude inventories are very high and that could make for some violent, back-and-forth price action. For the foreseeable future, the path of least resistance remains up until there is a significant structural economic or political shift.»
Author: Michael Fitzpatrick
«At this time of year, it is hard to imagine prices running to far away, particularly with the huge amount stored.»
Author: Michael Fitzpatrick
«The market got ahead of itself earlier this week. With the world in its present state a move into hard assets makes complete sense. Any decline in oil should be looked at as a buying opportunity.»
Author: Michael Fitzpatrick
«Only if the news from the around the globe remains quiet will selling continue in earnest.»
Author: Michael Fitzpatrick