Phil Flynn: Could A Big Trading Error Save The Stock Market?

. Mumphrey said a port study commissioned in the wake of a tanker spill that closed the Port of New Orleans for several days last year showed the economic impact of a total port closure on U.S. Midwestern communities from the mouth of the Mississippi to Minnesota is roughly $250 million a day. “All the grain from the Midwest ships out through the Port of New Orleans,” Mumphrey said. “It can’t get out any other way. Slowing oil imports may also give sellers some pause.

Phil can be reached at pflynn@pfgbest.com and don’t forget to catch him daily on The Fox Business Network

Who does some of the major hedge funds turn to when they need advice?

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