John Kinsey
John Kinsey
actual automated bad buying carrying funds price programs rather related selling side time trading violent
Commodities are carrying the day. There's a bad side to it. Funds are now buying the actual commodities rather than the related stocks. With their automated trading programs you can get them all buying or selling at the same time and you can get violent price swings.
consensus cut err might side
He doesn't want to err on the side of conservatism. The consensus is that he will do one more cut and then that might be the end of it for some time.
bottom market nervous people seen toronto
People are still nervous and very cautious. I do not think that we have seen a bottom yet, and if that is the case, I think the Toronto market can go lower,
demand energy expect gain last materials maybe metals people percent prices remain repeat stocks strong year
People don't think energy and metals prices can repeat last year's strong rise. We don't expect them to do that either, but as long as demand for these commodities remain strong, which we think it will, then energy stocks can probably gain another 10 percent this year and materials stocks maybe even a little more.
chairman greenspan reserve waiting
Everyone's waiting for Wednesday, for (Federal Reserve Chairman Alan) Greenspan to make a decision,
cycle demand entirely higher market possible supply
There's more demand than supply for all the metals. We think that cycle may be getting extended. It's entirely possible the market will go higher than we anticipated.
behind mostly quarter second
Most of the heavies have reported. And the second quarter is mostly behind us. It's more of the same, no leadership.
answer definitive looking people
I think people were looking for a more definitive kind of answer from (the Fed).
bear bottom days four jury normal terribly wait
I think really the jury is still out and we have to wait two, three, or four more days to see have we put in a bottom or are these just normal rallies in a terribly oversold bear market,
beat call companies forgetting met offered people relieved
People were relieved that (Nokia) met the lowered guidance. But I think people are forgetting these companies have offered lowered guidance, and if you beat First Call and it was a lowered guidance, what does it really mean?
ahead cautious closed course data economic investors later quiet week
This week will be quiet ahead of GE's announcement later this week, as well as some important economic data on Thursday, and of course everything is closed Friday. I think investors will play it very cautious for this week,
banks opposed premium
There (has) tended to be a premium for the banks that were going to be acquired, as opposed to the banks that were doing the acquiring.
flying forever goes high
Nothing goes up forever and everything was flying pretty high there.
confidence driven eroded market quite time tough
It's still going to be a tough time for quite a while for the market, ... The market really is driven by confidence and now that's been eroded by credibility factors.