Peter Chandler
Peter Chandler
acted canadian market pockets seen strength
We've seen pockets of strength in the Canadian markets, so the Canadian market actually acted a lot better than the U.S. market did as a whole.
beyond bump earnings focus looking market months recovery several short starts surely term until
We're just about through the earnings season. We have to go through this bump and grind. I think it will probably be like this for several months yet to come, until the market starts to focus on looking beyond the short term to the recovery that surely will follow.
call days definitive dog economic market sign sitting waiting
We're in what I call the dog days of August. It's quiet, it's slow. Most market participants are sitting on the sidelines, waiting for some definitive sign from the economic numbers.
earning earnings midst pleasant
We're still in the midst of a new earning season. There's probably going to be more disappointment in earnings than pleasant surprises.
bias market selective
We're still a market that's correcting, that's going to be awfully selective and there's still a bias to the downside.
base dollar fact higher levels low metals prices relative sector seeing strength trading
We're seeing relative strength in (metals and minerals). There are a lot of base commodities prices that are trading at higher levels right now. The fact that the (Canadian) dollar is as low as it is has made our metals sector more competitive than they would at higher levels.
action board continue environment favorable federal indicative reserve
We've got favorable action from the Federal Reserve Board again, indicative that they are going to continue to aggressively ease. So that's a favorable environment for stocks,
bounce bouncing environment seeing selling soon
We're in a bouncing environment and as soon as you get any kind of bounce they're selling into the bounce, and that's what we're seeing here.
fact gains held last market positive week
The fact that the market has held the gains from the end of last week is a positive sign.
dramatic example known market movement northern parts quite selling senior
(Today) was quite speculative, quite frothy, you didn't have a lot of dramatic movement in any of the senior parts of the market today. If anything, some of them were selling off, for example Northern Telecom (now known as Nortel Networks).
believes heck market potential sight till yogi
There's a potential end in sight but as Yogi Berra said 'it ain't over till it's over,' so there's still uncertainty out there. When the market believes it's over, then we're going to get, if nothing else, one heck of a short-term rally.
caught cue fire question south whether
As usually happens, we take our cue from south of the border. And, of course, the Dow and the Nasdaq caught fire today. The question now is whether this is a one- or two-day thing or this is a sustainable rally.
across anxiety banks belief board economy risk slowing weak
Banks are weak across the board and that's really the belief that the economy is slowing and anxiety about the risk of some their loans.
advance companies market prep releasing stronger weaker
That's when companies will make an announcement to prep the market in advance of releasing their results, that they're going to be stronger or weaker than expected,