Peter Chandler
Peter Chandler
border data economic good industrial problem products side south weight
We had the good economic data south of the border but the problem on our side is the weight of the industrial products sector,
bit comfort market money provided pulled sidelines sitting support waiting
I think that provided a little bit of support for the market here. There's a lot of money sitting on the sidelines waiting to go in...The money is there to be pulled into the market once there is a comfort level,
election elections err less rather side
In a U.S. election year, they err on the side of doing less rather than more.
bottom buyers couple establish hit money sideline sitting tried waiting
Buyers are on strike! There's some significant money sitting on the sideline waiting to see when we'll establish a bottom. We tried a couple of times during the day to hit bottom and failed,
bit earlier giving sensitive side strength weak
But interest-rate sensitive sectors were soft, a bit on the weak side and giving back some of the strength they had earlier in the week.
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.
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.
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,
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.