Pervades

Flatness Pervades Cash Market in Quiet Activity

A “comfort zone” was one trader’s description of the relativelyflat cash market over the last few days. And why not? After asummer chuck full of record setting temperatures and hurricanehype, supply and demand appear to have reached some semblance ofequilibrium. Many sellers saw their best prices early yesterdaybefore the market slipped lower in lackluster late morningdealings.

October 8, 1999