Elvis Picardo
Elvis Picardo
candidate close fairly looking mood obvious people recovery stocks taken
With the mood of the market, people are going to be looking for stocks that haven't yet taken part in recovery and I think Nortel would be an obvious candidate because it's still fairly close to its lows.
cause fact market rally reaction short shows term wednesday
The fact that the Wednesday rally was not sustainable is a cause for concern. It shows that the market does not want a short term solution. Much of the reaction was euphoric.
bad bull classic indicator market positive short stocks
It is a classic indicator of a bull market when stocks don't go down even on bad news. It is a positive thing for the short term.
charge closing commodity crude energy giving gold highest led oil surprising usual
Today's charge has been led by the usual suspects: energy and commodity stocks, which is not surprising giving gold prices... and crude oil closing at its highest ever.
definitely rotation sector seeing
We are definitely seeing some sector rotation into technology.
concerns fall few iran past rise seen today
Over the past few months, we've seen these concerns about Iran and Nigeria. We've seen them rise and fall and today was a day when those concerns were predominant.
despite investors mood whatever
Despite whatever has happened, investors are still in the mood for a bargain.
fairly month today volatile
This has been a fairly volatile month for the TSX, and today is no exception.
biggest brought coming impact market operate particular profit today united whose woes
I think the biggest impact today was the profit warnings coming out of the United States. We had some real heavyweights like Lucent, whose woes in particular brought Nortel down because they operate in the same market space.
acted asking fed investors quickly
I think investors are asking why the Fed acted so quickly and so decisively.
certainly looking might modest possibly stock toronto view
I think the view certainly had been that we were possibly looking at a Conservative majority, so ... we might see some modest profit-taking on the Toronto Stock Exchange.
affect ahead cautious direction greatly investors looking market wait watch
Overall, the market is looking for some direction ahead of Cisco, which is going to affect the market greatly tomorrow. Investors are being cautious ... It's a wait and watch approach.
earnings economy faster growth people weak
Overall, fourth-quarter earnings growth will be weak because the economy has slowed much faster than people had expected.
absolutely cut market meeting next rate risk
I think next week's meeting will be absolutely crucial. If the half-point rate cut is not materialized, the market is at risk of going down from these levels.