69 Quotes by Peter Chandler

People are at odds. Most people want to believe that we're in a bottoming process but nobody's prepared to put a whole lot of money out on that assumption. It's a show-me phase: Show me the market has bottomed and I'll join the party.

out from underneath Ma Bell's skirt, able to continue to expand and pursue their growth strategy without having a big mother looking over.

I still think that the concern is interest rates and high valuations of specifically technology. And you will get these relief rallies but the market probably still has a bias to the down side.

That whole sector keeps saying we've seen the bottom but it seems to still be bumping along and staying on the bottom.

You just have so much uncertainty and the one thing the market doesn't like is not knowing, ... We're probably getting closer to a sell-out climax, a washout, that will at least give us a trading rally.

We went up a long way quickly. This is some healthy profit-taking in what I would suggest is still very much an ongoing bull market in hard assets -- oil, gas and base and precious minerals. A healthy correction is a healthy thing.

We had a lot of catch-up to do because on Monday Nortel was up and was one of the most actives on New York,

(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).

The fact that the market has held the gains from the end of last week is a positive sign.