74 ordspråk av Fred Ketchen
Fred Ketchen
Look for a little bit of an up move here today on the back of continuing good bank earnings and continuing growth in commodity prices.
|
Maybe as the day goes on, we might find reason why there may be some optimism here but I think at the moment that may be more wishful thinking than reality.
|
On extremely light volume, we've got a half decent jump on the TSE 300 here. Obviously the buyers all came to work and the sellers all decided to take a hike,
|
Our market is obviously benefiting again from higher energy prices, for one. Then you've got also some interest in segments of the financial services side following a number of earnings ... Commerce bank (CIBC) certainly beat estimates and that stock is up.
|
Our natural resource sector is the thing that is moving us down.
|
Overall, this is a little strange coming into a weekend. You don't normally expect this in the summertime, to see this kind of strength. So you have to give the majority of the credit to that jobs report,
|
People were looking at things that don't have any revenues yet, that don't have any profits yet; they have a product and they have hopes and dreams.
|
Perhaps this market has been oversold and the reaction to Mr. Greenspan's comments has been a little overdone. It would appear that that being the case, perhaps we're seeing a little bit of mild confidence returning to the market,
|
Thank goodness for the natural resource sector. We weren't saying that a while ago. This was an area that was leading us down the pathway to oblivion.
|
That upset a few people and they get a little bit nervous and figure that maybe we're in for some sort of exaggerated fall. I don't think that we really are.
|
That was at the height of the tech bubble and we know what happened to that one.
|
The big thing here had to be Nortel. Any time Nortel loses C$2.45, you know the effect that has on the index,
|
The big thing here had to be Nortel. Any time Nortel loses C$2.45, you know the effect that has on the index.
|
The market has grown and people are more aware of wealth-generating opportunities and risks in the stock market, but (those are) risks they're comfortable to take, I guess.
|
The market is relatively high and people are looking for excuses to be talked into selling.
|