Peter Chandler
Peter Chandler
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.
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.
bit seeing
On a short-term basis, (techs) were very oversold and now we're seeing a bit of a bounce.
good investor seeing sentiment sort turn
What is good is that we're seeing a real turn in investor sentiment to the negative, and you need that before you can get any sort of a bounce,
continue economy evidence expectation reasonable seeing slowing
So if we're seeing incremental evidence now of the economy slowing down, then we should have a reasonable expectation to continue to expect that to happen.
behind corporate higher impact interest market might rate result rises sector seeing selling technology tends
The market now tends to be (thinking): With interest rate rises being behind us, if we've orchestrated a slowdown in the economy, how much of an impact will that slowdown have on corporate profits? Might corporate valuations be at the higher end of expectations? And so we're seeing some selling and softness, in the technology sector in particular, as a result of that.
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.
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,
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.
continue expand growth looking ma mother pursue strategy underneath
out from underneath Ma Bell's skirt, able to continue to expand and pursue their growth strategy without having a big mother looking over.
absence fallen frankly good quite saw tech
It is a tech wreck, that's for certain, ... You need capitulation to have good bottom. I didn't see that today. I saw an absence of buyers. Quite frankly there just weren't enough bids. Have we fallen enough here? Probably not.