There's still a lot of supply, even though we're looking at a decline in rig counts and expenditures. Right now, the majority view is that oil won't really start to go up until the middle of the year. Clem Miller More Quotes by Clem Miller More Quotes From Clem Miller The markets are taking a look at the overall picture and trying to decide whether this is only about China, or if it’s a broader issue and how much concern the Fed is. Data in the U.S. is looking generally positive, or at least a bulk of it is, and traders are trying to decide, too, whether there are more storm clouds ahead. Clem Miller latest-headlines The parliamentary approval boosted prices today, there was optimism about the European Central Bank providing more liquidity to Greece, but there is significant ongoing caution about Greek implementation risk. Clem Miller company-news There's a recognition that maybe the U.S. stock market has gotten a little bit ahead of itself, and Europe hasn't. Clem Miller company-news Right now, the majority view is that oil won't really start to go up until the middle of the year. Clem Miller company-news At this point, it's hard to see the Greece situation having a dramatic impact on the U.S. outside of just creating a lot of volatility. Clem Miller company-news From a short term standpoint, monetary easing can temporarily boost stock prices, and that's what investors were trying to ride. Clem Miller company-news The timing and duration of bond purchases is just as important as the actual amount, if not more important, there are also a lot of questions about asset distribution, since the market is expecting a lot of government bond purchases, and it would be disappointed if it was more slanted to corporate bonds. Clem Miller company-news
