Peter Chandler
Peter Chandler
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,
election elections err less rather side
In a U.S. election year, they err on the side of doing less rather than more.
bottom buyers couple establish hit money sideline sitting tried waiting
Buyers are on strike! There's some significant money sitting on the sideline waiting to see when we'll establish a bottom. We tried a couple of times during the day to hit bottom and failed,
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,
bit earlier giving sensitive side strength weak
But interest-rate sensitive sectors were soft, a bit on the weak side and giving back some of the strength they had earlier in the week.
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,
absence fallen frankly good quite saw tech
It is a tech wreck, that's for certain, ... You need capitulation to have good bottom. I didn't see that today. I saw an absence of buyers. Quite frankly there just weren't enough bids. Have we fallen enough here? Probably not.
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.
monday
We had a lot of catch-up to do because on Monday Nortel was up and was one of the most actives on New York,
continue expand growth looking ma mother pursue strategy underneath
out from underneath Ma Bell's skirt, able to continue to expand and pursue their growth strategy without having a big mother looking over.
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.
closer market trading
You just have so much uncertainty and the one thing the market doesn't like is not knowing, ... We're probably getting closer to a sell-out climax, a washout, that will at least give us a trading rally.
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.
care everybody headlines supposed
Why does everybody care so much? I know it's going to be on the headlines but I don't know what it's supposed to mean.