69 Quotes by Peter Chandler

It's the tussle between the 'old economy' and 'new economy' and Nasdaq is pulling back.

It's the push and pull between the good news and the bad news,

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.

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.

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.

It was pretty flat, pretty subdued. I expect quieter volumes for the balance of the week.

There's the whole theory that there's a lot of exceptionally good fundamental value in those old economy, cyclical type stocks.

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,

On a short-term basis, (techs) were very oversold and now we're seeing a bit of a bounce.