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.
bad bull classic indicator market positive short stocks
It is a classic indicator of a bull market when stocks don't go down even on bad news. It is a positive thing for the short term.
biggest brought coming impact market operate particular profit today united whose woes
I think the biggest impact today was the profit warnings coming out of the United States. We had some real heavyweights like Lucent, whose woes in particular brought Nortel down because they operate in the same market space.
buyers canada definitely energy factor helped lower overseas prime sentiment strong target
That is a factor that has helped sentiment today. Canada is a prime target for many overseas buyers because we are so strong in energy and commodities, and the valuations are definitely lower than the U.S.
despite investors mood whatever
Despite whatever has happened, investors are still in the mood for a bargain.
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.
economy financial good growing interest rates sector services stable strong
The financial services sector is especially strong because interest rates are stable and the economy is growing at a good pace.
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.
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.
maybe setting summer
Maybe the summer doldrums are already setting in.
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.
absolutely cut market meeting next rate risk
I think next week's meeting will be absolutely crucial. If the half-point rate cut is not materialized, the market is at risk of going down from these levels.
ahead future higher market race tried
The market tried to race higher ahead of those results, but there was still uncertainty as to what Cisco would say about future quarters.
acted asking fed investors quickly
I think investors are asking why the Fed acted so quickly and so decisively.