34 ordspråk av Elvis Picardo

Elvis Picardo

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 Over the past few months, we've seen these concerns about Iran and Nigeria. We've seen them rise and fall and today was a day when those concerns were predominant.

 Overall, fourth-quarter earnings growth will be weak because the economy has slowed much faster than people had expected.

 Overall, the market is looking for some direction ahead of Cisco, which is going to affect the market greatly tomorrow. Investors are being cautious ... It's a wait and watch approach.

 People are still paying a lot of attention to the data. I would not say investors are being bearish. But they are taking profits when they can.

 That is a factor that has helped sentiment today. Canada is a prime target for many overseas buyers because we are so strong in energy and commodities, and the valuations are definitely lower than the U.S.

 The action this week does indicate that the recovery horizon has been pushed out further. Investors are now pushing the horizon into the next year or perhaps even after that.

 The broad recovery is a good sign.

 The fact that the Wednesday rally was not sustainable is a cause for concern. It shows that the market does not want a short term solution. Much of the reaction was euphoric.

 The financial services sector is especially strong because interest rates are stable and the economy is growing at a good pace.

 The market tried to race higher ahead of those results, but there was still uncertainty as to what Cisco would say about future quarters.

 This has been a fairly volatile month for the TSX, and today is no exception.

 This is just a normal, healthy bout of profit-taking. It's been a one-way street since the October lows and the index was up close to 20 per cent in that time.

 This rally looks sustainable because the gains are smaller. It is not like you have a 250-point gain in one day, which is hard to keep up.

 Today's charge has been led by the usual suspects: energy and commodity stocks, which is not surprising giving gold prices... and crude oil closing at its highest ever.

 Transportation stocks have had a tremendous run in recent months despite high energy prices, so it could be that investors are taking some profits off the table here.


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