Even in an area like natural gas, where I cannot see why people would be so nervous, people are selling. |
I still think we're in the early stages of a new bull market, but we're trying to work away some of those excesses. |
I think what's happening is that with Japanese banks wanting to clean positions by March 31, we're hearing that they have been big sellers in North America. |
It's hard to find any sector that is hanging in there. |
People want to see some evidence that the world is not falling apart. |
There's been an ongoing battle for a while between people who are positive on the recovery and the people who aren't. |