Irwin Michael
Irwin Michael
run short
I don't think it's over for these companies, but in the short run I think they were overbought.
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.
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.
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.
continues market oil people
We're all waiting. For what, I don't know. My sense is the market is quiet, people are a little nervous, they want to see if oil continues to go through the roof.
bit bond creating gas market markets oil prices weaker worried
You had the bond market weaker and you had oil and gas up as a commodity. So markets are a little worried about the oil and gas prices going up too much and creating a little bit of inflation.
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.
banks leading
It's the banks that are leading it up.
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.
again breadth call days dog extremely handful largely leading stocks
It was extremely, extremely quiet. It's largely a handful of stocks again that are leading the market. I'd like to see more breadth to the marketplace. It's like the dog days of summer, as they call it: not very much activity.
context excellent gas leaving oil surprise table
It's a big surprise in the context of weakening oil and gas stocks. An excellent sale. I don't think anyone's leaving too much on the table on this one.
bad consumer driver key layoffs pick rate recession starting
There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting to pick up.
correction market slow
I think the market correction is a slow bleed. It's being nickel-and-dimed to death.
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.