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...
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.
community generate hoping interest knows money reward
We're hoping the reward money will generate some interest in the community someone who knows where he is, where he's hiding,
bear bull mind seen side street wall work year
I think Wall Street is as out of its mind here on the bear side as it was a year ago on the bull side. I've seen too many rallies that were going to be 'The Bottom' that didn't work out.
absence fear gone lack seeing
The absence of fear is gone -- we're seeing the lack of the absence of fear.
change forever life moves ready sought three time
I was ready for that three years ago when I sought the post, but you know times change and life moves on. It may not be forever but right now it wasn't the time to go back.
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.
answer bring cuts economy fed interest lower market months next rate respond six targeting tend though weakness whether
The Fed is not targeting the market with these rate cuts but it is targeting the economy ? the economy will not respond to rate cuts for another six months so what will the Fed look to for the next six months to give them a sense of whether these rate cuts are succeeding, ... My answer is 'the market'. Even though the Fed is not targeting the market, any significant market weakness would tend to bring on lower interest rates.
discount percent
They are (trading) at a 40 percent discount to the market, ... That's a pretty big discount.
coming earnings higher signs technology until
You have to own technology until you see some signs the earnings expectations are not coming in higher than expected.
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.
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.
growth
This is still a real growth sector. There was a lot of fluff in there, but a lot of that has come out.
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.
assume bit clearly market wrong
It was clearly wrong to assume that this would be a walkover, ... but now I think the market is being a bit too pessimistic.