Peter Chandler
Peter Chandler
cyclical good theory type value
There's the whole theory that there's a lot of exceptionally good fundamental value in those old economy, cyclical type stocks.
gains good held toronto
It has been a good day for the index. Toronto has held up very well and held its gains better than the Dow or the Nasdaq,
basis fall free market morning overnight point suspicion
My suspicion is that on a short-term basis the market was oversold. It got spanked this morning with Nokia from overnight and the free fall (in Nokia stock) has stabilized to come back a point off its low,
bit comfort market money provided pulled sidelines sitting support waiting
I think that provided a little bit of support for the market here. There's a lot of money sitting on the sidelines waiting to go in...The money is there to be pulled into the market once there is a comfort level,
bad good news pull push
It's the push and pull between the good news and the bad news,
couple expect gains giving market past sell
The market is giving back some of the gains that it made in the past couple of days. The market is now overbought so we should expect to see it sell off,
bottom commodity companies falls lean line mean money past prices small turn
These (metals) companies are making more money than they have in the past 10 years, and they are lean and mean so any small turn in commodity prices falls right into the bottom line for these companies.
across anxiety banks belief board economy risk slowing weak
Banks are weak across the board and that's really the belief that the economy is slowing and anxiety about the risk of some their loans.
basis broken everybody maybe microsoft monday stocks tech tuesday upside
Tech stocks were oversold on a short-term basis and on Monday everybody had to get out of them because of Microsoft, and then Tuesday everybody thought that if Microsoft is broken up maybe it's not the end of the world, and maybe there's an upside to it.
along bottom keeps saying sector seems seen staying
That whole sector keeps saying we've seen the bottom but it seems to still be bumping along and staying on the bottom.
area close concern finished focusing last market poor prospects selling stocks tech technology took week widespread
The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.
bias concern high interest market rates relief
I still think that the concern is interest rates and high valuations of specifically technology. And you will get these relief rallies but the market probably still has a bias to the down side.
beating coming earnings hitting mixed numbers taking
It's a real mixed bag. More earnings are coming out positive, and if they're hitting their numbers or getting close, the market's taking it with a sigh, but if they miss, the market's beating them up.
basically canadian conclusion definitive direction flat looking market
The Canadian market is basically flat on the day. There's not a whole lot of direction from the markets. I still think that the market is looking for a definitive conclusion out of the U.S. election.