Elvis Picardo
Elvis Picardo
certainly looking might modest possibly stock toronto view
I think the view certainly had been that we were possibly looking at a Conservative majority, so ... we might see some modest profit-taking on the Toronto Stock Exchange.
affect ahead cautious direction greatly investors looking market wait watch
Overall, the market is looking for some direction ahead of Cisco, which is going to affect the market greatly tomorrow. Investors are being cautious ... It's a wait and watch approach.
candidate close fairly looking mood obvious people recovery stocks taken
With the mood of the market, people are going to be looking for stocks that haven't yet taken part in recovery and I think Nortel would be an obvious candidate because it's still fairly close to its lows.
canadian clearly guidance looking market wait
It was another day of wait and see. Nortel reiterated its guidance for the Canadian market. But the market is clearly looking for leadership.
bit direction good interest looking lower markets news next rates
Clearly, the markets are still looking for direction. I think the next bit of good news will be from the Fed, and if there is any hint of lower interest rates that should be really bullish.
concerns fall few iran past rise seen today
Over the past few months, we've seen these concerns about Iran and Nigeria. We've seen them rise and fall and today was a day when those concerns were predominant.
earnings economy faster growth people weak
Overall, fourth-quarter earnings growth will be weak because the economy has slowed much faster than people had expected.
acted asking fed investors quickly
I think investors are asking why the Fed acted so quickly and so decisively.
action horizon indicate investors next perhaps pushed pushing recovery week year
The action this week does indicate that the recovery horizon has been pushed out further. Investors are now pushing the horizon into the next year or perhaps even after that.
cause fact market rally reaction short shows term wednesday
The fact that the Wednesday rally was not sustainable is a cause for concern. It shows that the market does not want a short term solution. Much of the reaction was euphoric.
changed few last pattern seen selling strength
We have seen selling into strength and that pattern has not changed in the last few weeks.
despite energy high investors months profits recent run stocks table taking tremendous
Transportation stocks have had a tremendous run in recent months despite high energy prices, so it could be that investors are taking some profits off the table here.
charge closing commodity crude energy giving gold highest led oil surprising usual
Today's charge has been led by the usual suspects: energy and commodity stocks, which is not surprising giving gold prices... and crude oil closing at its highest ever.
definitely rotation sector seeing
We are definitely seeing some sector rotation into technology.