69 Quotes by Peter Chandler
- Author Peter Chandler
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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.
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In a U.S. election year, they err on the side of doing less rather than more.
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I guess Cisco systems set the tone for the markets as a whole and everyone just followed,
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If the market gets some more confirmation of the slowing of the economy on Friday, then I suspect the market's got more to push on the upside.
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But interest-rate sensitive sectors were soft, a bit on the weak side and giving back some of the strength they had earlier in the week.
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Buy on rumor, sell on news, ... The market had discounted it, so as soon as it was news the market sold off.
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Buyers are on strike! There's some significant money sitting on the sideline waiting to see when we'll establish a bottom. We tried a couple of times during the day to hit bottom and failed,
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The market got some disturbing news about some additional strength in the economy earlier in the week, and that's indicative of inflation rearing its head and the (U.S. Federal Reserve) tightening interest rates.
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The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.
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