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. |