Peter Chandler
Peter Chandler
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.
election elections err less rather side
In a U.S. election year, they err on the side of doing less rather than more.
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,
balance expect quieter volumes
It was pretty flat, pretty subdued. I expect quieter volumes for the balance of the week.
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.
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,
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,
bound goes pulling stocks surprising thinking time
What goes up will come down. Thinking about how much they've come up, these things are bound to see some profit-taking from time to time. It's not surprising that some of these stocks are pulling back a little bit.
above few gained healthy points seven snap today weeks within
Nortel was above C$130 a few weeks ago and went down to around C$95, which was a healthy correction. It gained more than seven points today and the snap back is completely within reason.