Peter Chandler
Peter Chandler
driven market mentality
(Techs) are being psychologically driven with the mentality of 'I've got to get out, I've got to have closure', and that's what you usually need for market bottoms,
basis broken everybody maybe microsoft monday stocks tech tuesday upside
Tech stocks were oversold on a short-term basis and on Monday everybody had to get out of them because of Microsoft, and then Tuesday everybody thought that if Microsoft is broken up maybe it's not the end of the world, and maybe there's an upside to it.
closer market trading
You just have so much uncertainty and the one thing the market doesn't like is not knowing, ... We're probably getting closer to a sell-out climax, a washout, that will at least give us a trading rally.
assets base bull correction gas hard healthy market ongoing precious suggest
We went up a long way quickly. This is some healthy profit-taking in what I would suggest is still very much an ongoing bull market in hard assets -- oil, gas and base and precious minerals. A healthy correction is a healthy thing.
bias concern high interest market rates relief
I still think that the concern is interest rates and high valuations of specifically technology. And you will get these relief rallies but the market probably still has a bias to the down side.
basis fall free market morning overnight point suspicion
My suspicion is that on a short-term basis the market was oversold. It got spanked this morning with Nokia from overnight and the free fall (in Nokia stock) has stabilized to come back a point off its low,
activity basis expect gives low market short term time yesterday
We made a new low on the Nasdaq yesterday and on a very, very short term basis it's oversold and I think that we can expect this kind of activity from time to time where the market gives us some relief, some bounce.
automobile cylinders gear hitting kick market narrow running smoothly today
It's still very mixed, it's a very narrow market. It's like an automobile which has many cylinders. To really get our market in gear and running smoothly you need to have more cylinders hitting than fewer. We just had another cylinder kick in today with this spurt in gold.
bad coming damage earnings good lower market news start trying
The bad news being the lower earnings that are going to start coming out. The good news is most of the damage has been done in the market and it's trying to find a good bottom.
again bell canadian continues darling drove flat market northern stocks technology
It was a story of two different markets. The U.S. market was flat to nothing, the Canadian market was flying, and it's our darling stocks again -- Northern Telecom and BCE. Canadian technology was really what drove the market here. The story continues for Bell and Nortel.
concerned corporate economy inflation markets mixed profits risk run signs slowing
It's a mixed bag. The markets are concerned about the slowing down in the economy. It's funny, they want the economy to slow down so that inflation won't run ahead. Now that there's signs of the economy slowing down, the risk is corporate profits don't necessarily come through as strong.
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.