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.
buy market news sell sold soon
Buy on rumor, sell on news, ... The market had discounted it, so as soon as it was news the market sold off.
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).
area close concern finished focusing last market poor prospects selling stocks tech technology took week widespread
The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.
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.
couple expect gains giving market past sell
The market is giving back some of the gains that it made in the past couple of days. The market is now overbought so we should expect to see it sell off,
election elections err less rather side
In a U.S. election year, they err on the side of doing less rather than more.
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.
cyclical good theory type value
There's the whole theory that there's a lot of exceptionally good fundamental value in those old economy, cyclical type stocks.
article good number plus stock stocks talked tech
On a very, very short-term basis, Nortel's stock was exceptionally oversold. Plus there was an article in Barron's that called for tech bounces and talked of a number of stocks that were good value. Nortel was in that handful,
bit seeing
On a short-term basis, (techs) were very oversold and now we're seeing a bit of a bounce.
basically canadian conclusion definitive direction flat looking market
The Canadian market is basically flat on the day. There's not a whole lot of direction from the markets. I still think that the market is looking for a definitive conclusion out of the U.S. election.
guess markets systems tone
I guess Cisco systems set the tone for the markets as a whole and everyone just followed,