John Manley
John Manley
John Paul Manley PC OCis a Canadian lawyer, businessman, and politician. He served as Liberal Member of Parliament for Ottawa South from 1988 to 2004, and was Deputy Prime Minister between 2002 and 2003. He is now President and CEO of the Business Council of Canada...
feeling hands
They were feeling around with their hands down there.
change forever life moves ready sought three time
I was ready for that three years ago when I sought the post, but you know times change and life moves on. It may not be forever but right now it wasn't the time to go back.
pick
If I had to pick a number, I'd say probably around 5600,
assume bit clearly market wrong
It was clearly wrong to assume that this would be a walkover, ... but now I think the market is being a bit too pessimistic.
clearly either money sitting stocks
There's clearly a lot of money that either was in stocks or could be in stocks. It's just sitting out there now.
aside bad people stepping technology trying
(AT&T) soured the tone. People are trying to get a sense of how bad things will be (with Microsoft) and they're stepping aside to see if technology is still accelerating on a profitability basis.
discount percent
They are (trading) at a 40 percent discount to the market, ... That's a pretty big discount.
easy outrageous point terrible
These are not outrageous numbers. You just have very easy comparisons from a terrible point in time.
early invest january market money reason reputation tends
The idea is to invest it early in the year. There's a reason for money to go into the market in January, and that's what tends to give January the reputation for being strong.
today firsts facts
The fact that the bond market is rallying today is a plus. If this ends up being a bear market, it will be one of the first ever that began when interest rates are down.
quality stuff fundamentals
Both cream and scum can rise to the top, unfortunately. This lower-quality stuff that's going higher isn't doing it on fundamentals.
both cheap company cutting edge less market near sales seeing slightly technology
It's a very cheap company in the sense that if you look at multiples on both sales and earnings, it's slightly less than a market multiple, ... For 40 years this company's been near the cutting edge of technology. And more than any other technology company, you're seeing acceleration in earnings.
answer bring cuts economy fed interest lower market months next rate respond six targeting tend though weakness whether
The Fed is not targeting the market with these rate cuts but it is targeting the economy ? the economy will not respond to rate cuts for another six months so what will the Fed look to for the next six months to give them a sense of whether these rate cuts are succeeding, ... My answer is 'the market'. Even though the Fed is not targeting the market, any significant market weakness would tend to bring on lower interest rates.