Fred Ketchen
Fred Ketchen
bottom
We're skittering around the bottom of the market,
bank bit commodity continuing earnings good growth move today
Look for a little bit of an up move here today on the back of continuing good bank earnings and continuing growth in commodity prices.
moving natural resource sector
Our natural resource sector is the thing that is moving us down.
aggressive bank buying fairly potential profit prospect royal saying
I would have to think that is nothing more than the prospect of dilution. I think shareholders are saying that Royal Bank you have been fairly aggressive in going out and buying other assets. Now let's see the profit potential that is going to come from these.
assume beyond correction hopes ought perhaps result seen taking
Those hopes and dreams...one would have to assume that they've got way beyond perhaps where they ought to be, and I think that we've seen a correction taking place as a result of that.
early friday people period stuff until
It's Friday, it's in the summertime, and a lot of this kind of stuff does go on during this period of time. People go away early on Friday and they don't come back until mid-Monday,
quick sloppy totally turnaround turned
There was a quick turnaround in New York, which indicates that things are totally under control. After a sloppy opening, they turned around in a hurry.
late selling sudden time worries
At one time the TSE was up 200 points, and you'd think all the worries were gone. All of a sudden late selling comes in,
behaving target
At the moment, we are behaving differently than many other analysts thought we would be behaving - we're at the target of some of them for the year.
distinct lack suddenly turned
There suddenly turned out to be a distinct lack of liquidity,
certainly days few last question
At least in the last few days we certainly have outperformed the Dow, no question about that.
comeback looked mind morning obviously quite remarkable spots strength
It really is quite a remarkable comeback in my mind because this morning it looked very, very grim. We've got some spots of strength and obviously spots of influential weakness.
area becoming expect later market money sitting sooner taken
There's a lot of money that's been taken out of the market and it's sitting on the sidelines. I expect sooner or later we'll see some stabilization because some of these (stocks) are getting down to the area where they're becoming very, very attractive.
reason sector seeing stop technology trend until
The trend in the technology sector has been very, very heavily weighted on the downside, and until there's some reason to make it stop we're not going to be seeing anything different.