John Manley
John Manley
John Paul Manley PC OCis a Canadian lawyer, businessman, and politician. He served as Liberal Member of Parliament for Ottawa South from 1988 to 2004, and was Deputy Prime Minister between 2002 and 2003. He is now President and CEO of the Business Council of Canada...
attractive caps classic
This is the place to invest, ... The big caps in the classic pharmaceuticals I think are attractive on a longer-term basis.
clearly either money sitting stocks
There's clearly a lot of money that either was in stocks or could be in stocks. It's just sitting out there now.
discount percent
They are (trading) at a 40 percent discount to the market, ... That's a pretty big discount.
aside bad people stepping technology trying
(AT&T) soured the tone. People are trying to get a sense of how bad things will be (with Microsoft) and they're stepping aside to see if technology is still accelerating on a profitability basis.
feeling hands
They were feeling around with their hands down there.
both cheap company cutting edge less market near sales seeing slightly technology
It's a very cheap company in the sense that if you look at multiples on both sales and earnings, it's slightly less than a market multiple, ... For 40 years this company's been near the cutting edge of technology. And more than any other technology company, you're seeing acceleration in earnings.
growth
This is still a real growth sector. There was a lot of fluff in there, but a lot of that has come out.
affair baby boomers cheap coming decade great hitting liked love stocks terminal
I've liked financials -- I think I have a terminal love affair with financials. They're very cheap stocks and I think you have a great decade coming at you with the baby boomers hitting retirement.
pick
If I had to pick a number, I'd say probably around 5600,
today firsts facts
The fact that the bond market is rallying today is a plus. If this ends up being a bear market, it will be one of the first ever that began when interest rates are down.
quality stuff fundamentals
Both cream and scum can rise to the top, unfortunately. This lower-quality stuff that's going higher isn't doing it on fundamentals.
easy outrageous point terrible
These are not outrageous numbers. You just have very easy comparisons from a terrible point in time.
early invest january market money reason reputation tends
The idea is to invest it early in the year. There's a reason for money to go into the market in January, and that's what tends to give January the reputation for being strong.