69 Quotes by Peter Chandler
- Author Peter Chandler
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We're turning into the most acute period of what I would call the 'early warning season' for the next quarterly earnings announcements.
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Why does everybody care so much? I know it's going to be on the headlines but I don't know what it's supposed to mean.
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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,
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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.
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We had the good economic data south of the border but the problem on our side is the weight of the industrial products sector,
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These (metals) companies are making more money than they have in the past 10 years, and they are lean and mean so any small turn in commodity prices falls right into the bottom line for these companies.
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(Techs) are being psychologically driven with the mentality of 'I've got to get out, I've got to have closure', and that's what you usually need for market bottoms,
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Tech stocks were oversold on a short-term basis and on Monday everybody had to get out of them because of Microsoft, and then Tuesday everybody thought that if Microsoft is broken up maybe it's not the end of the world, and maybe there's an upside to it.
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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.
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