Irwin Michael
Irwin Michael
earnings economy extremely looks market move needs thin turning volatile
This market needs real earnings and an economy that looks like it is turning around. The market is extremely volatile right now, but on thin volume, so it doesn't take too much to move it.
again bit detriment high relief seems stocks switch technology toward
There seems to be a bit of a switch toward high technology stocks again to the detriment of 'old economy' stocks. I won't say it is euphoria, but a little it of a relief rally.
extremely metals quiet reason rhyme seemed volatile
It's extremely volatile today. There's no rhyme or reason to it. On balance, a quiet day, the metals seemed to be a little firmer.
continues friday gained looked market people terribly testing toronto
It's very choppy. Friday looked like it was the end of the world, Toronto was down a 150-odd points, and we've gained it all back today. The market continues to be very volatile, and it's testing people. On balance, people are nervous, you don't want to do anything terribly audacious.
addition definitely good happens market people rebound ripe time
A lot of people sensed the market was ripe for a rebound but it's just not happening. It's definitely not something that happens overnight, so in addition to time it's going to take some good earnings.
gave nice northern
Northern Telecom and Bell, which had a nice day yesterday, gave part of it back today.
according claus expected market maybe past people rally santa shoe waiting
There's nervousness and people waiting maybe for another shoe to drop. It's not going according to (plan), most people had expected the market to be a little better. They expected a Santa Claus rally which was very muted this past year.
attempt consistent months ourselves pride
The thing that we pride ourselves in and the thing we attempt to do is have consistent long-term performance. We may not be No. 1 over 12 or 18 months but we are consistently up there.
hammered help people pick resources run time trying whether
You're not getting much help from the commodities. People are trying to get a better sense. They don't know whether it's time to go in and pick away at some of the resources that have been hammered down or run for cover.
again basically economy fed follow interest people rate seeing showing terms
You're basically seeing the economy still showing a lot of strength, and that will probably get people a little nervous, in terms of what the Fed may have to do again -- another pre-emptive interest rate increase, and we'll probably have to follow suit.
extremely market quiet thin
The market was thin and it was nervous. On balance, it was extremely quiet with not a lot of activity. It's disjointed, it's sporadic and if you take Nortel out, it would have been a completely different story.
drive guess market people quiet spite waiting
The market is volatile, people are edgy; it's also very, quiet in spite of the volumes. I guess everyone's waiting for a catalyst, something to drive the market at this point.
ahead either market move number players stock
(The market is) very quiet, choppy, very, very volatile. There are a number of players that have already exited ahead of Christmas. In consequence, very little is going on so it doesn't take much to move the stock either way, up or down.
depends fewer hollow last market players sleepy
The market is like Sleepy Hollow today, there's very little going on and now there's fewer and fewer players out there. It drifts, it depends on the last trade.