17 Quotes by Steve Tuen

The mindset has shifted from one of wild optimism to that of conservatism. The party is over and people are starting to sober up.

The IPO market is still relatively weak. Next week there are no deals expected to price.

Investment bankers were being a bit too optimistic in terms of deal flow. The market has stabilized but I don't think there is a lot of enthusiasm yet. We are not yet in a strong, up market. Putting in 30 deals, when a couple of weeks ago there was hardly any, may have been too much to bear.

Investors were looking for direction and Yahoo was the catalyst to make them more optimistic.

California's problems bring these deals even more to the forefront. There are headlines of the rising price of heating your house. This will help ATP in the sense that they are leveraged on natural gas.

For the most part this really attracted income-oriented investors. Shamrock's business is relatively stable but there are some risks involved. The company depends on Ultramar and increased delivery of oil.

The type of companies are not as exciting as we've seen in the past, mostly because the deals coming out are not in hot markets.

The market is going to be terrible. The last couple days ? with all the earnings warnings coming ? investor sentiment has been shot combined with the summer season.