Peter Chandler
Peter Chandler
bounce bouncing environment seeing selling soon
We're in a bouncing environment and as soon as you get any kind of bounce they're selling into the bounce, and that's what we're seeing here.
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,
election elections err less rather side
In a U.S. election year, they err on the side of doing less rather than more.
additional disturbing earlier economy federal head indicative inflation interest market news rearing strength
The market got some disturbing news about some additional strength in the economy earlier in the week, and that's indicative of inflation rearing its head and the (U.S. Federal Reserve) tightening interest rates.
economy economy-and-economics gets market push slowing suspect
If the market gets some more confirmation of the slowing of the economy on Friday, then I suspect the market's got more to push on the upside.
general recovery stocks technology
Nortel is benefiting from a general recovery in the technology stocks in the U.S. as well.
pulling
It's the tussle between the 'old economy' and 'new economy' and Nasdaq is pulling back.
believes heck market potential sight till yogi
There's a potential end in sight but as Yogi Berra said 'it ain't over till it's over,' so there's still uncertainty out there. When the market believes it's over, then we're going to get, if nothing else, one heck of a short-term rally.
border data economic good industrial problem products side south weight
We had the good economic data south of the border but the problem on our side is the weight of the industrial products sector,
assets base bull correction gas hard healthy market ongoing precious suggest
We went up a long way quickly. This is some healthy profit-taking in what I would suggest is still very much an ongoing bull market in hard assets -- oil, gas and base and precious minerals. A healthy correction is a healthy thing.
activity basis expect gives low market short term time yesterday
We made a new low on the Nasdaq yesterday and on a very, very short term basis it's oversold and I think that we can expect this kind of activity from time to time where the market gives us some relief, some bounce.
call days definitive dog economic market sign sitting waiting
We're in what I call the dog days of August. It's quiet, it's slow. Most market participants are sitting on the sidelines, waiting for some definitive sign from the economic numbers.
beyond bump earnings focus looking market months recovery several short starts surely term until
We're just about through the earnings season. We have to go through this bump and grind. I think it will probably be like this for several months yet to come, until the market starts to focus on looking beyond the short term to the recovery that surely will follow.