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.
automobile cylinders gear hitting kick market narrow running smoothly today
It's still very mixed, it's a very narrow market. It's like an automobile which has many cylinders. To really get our market in gear and running smoothly you need to have more cylinders hitting than fewer. We just had another cylinder kick in today with this spurt in gold.
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.
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,
advance companies market prep releasing stronger weaker
That's when companies will make an announcement to prep the market in advance of releasing their results, that they're going to be stronger or weaker than expected,
driven market mentality
(Techs) are being psychologically driven with the mentality of 'I've got to get out, I've got to have closure', and that's what you usually need for market bottoms,
call either expect fireworks nobody prepared tomorrow
I don't think you can expect a whole lot of fireworks going into a day like tomorrow because nobody is going to be prepared to make a big call either way in this market,