24 Quotes by Peter Canelo

But even if you see a low in the technology stocks, I don't necessarily think that it necessarily means we are going back to the races.

We looked for that recession. We couldn't find it.

It could be an extended consolidation in the 'new economy' stocks that could take us through the end of the year.

I think the market is clearly getting used to the idea that the Federal Reserve is going to raise rates. I don't think it's a question anymore of whether they do it in March or not. If they don't do it in March, they (will) do it in April. The real question now is how much do they do it (and) when they do it.

I think the index has failed to keep up with the times. There are too many companies missing.

I think that's going to be a real plus.

I think techs are not as overvalued as some people believe. I think they're going to have incredible earnings next year and I think they're going to lead an upside break out in the market, which should begin sometime in the middle of the fourth quarter.

We'll probably see some profit taking going into next month.

We still have a lot of uncertainty with Brazil, and with what the government will do or not do.