Money's no longer as cheap as it was. The economy is still good, but I think a shift in the loan losses can make a difference. |
Most of the heavies have reported. And the second quarter is mostly behind us. It's more of the same, no leadership. |
Nothing goes up forever and everything was flying pretty high there. |
Other than the initial attempt at a rally that fell flat, it's a nothing day. I think it's just a few people trying to bottom pick, and maybe some short-selling. |
People are still nervous and very cautious. I do not think that we have seen a bottom yet, and if that is the case, I think the Toronto market can go lower, |
People don't think energy and metals prices can repeat last year's strong rise. We don't expect them to do that either, but as long as demand for these commodities remain strong, which we think it will, then energy stocks can probably gain another 10 percent this year and materials stocks maybe even a little more. |
People were relieved that (Nokia) met the lowered guidance. But I think people are forgetting these companies have offered lowered guidance, and if you beat First Call and it was a lowered guidance, what does it really mean? |
The market is just sound asleep today. The TSE is looking for leadership, |
The TSE 300 was just like a rudderless ship floating on the waves, |
The whole bank has been set up for a wedding if we do get these bank mergers. Bank of Montreal would be the prime target. |
There (has) tended to be a premium for the banks that were going to be acquired, as opposed to the banks that were doing the acquiring. |
There is a very bad tone to this market. There is no leadership. There's obviously a lot of bad news out there and a lot of disillusioned investors. |
There's a little bit of anxiety beginning to creep in about earnings. We know how badly the carmakers like GM and Ford are doing, and that will affect shares of suppliers here in Canada. |
There's absolutely no corporate credibility out there and investors are starting to walk, ... I really don't see this market turning around unless something dramatic happens, but I just don't know what that could be. |
There's more demand than supply for all the metals. We think that cycle may be getting extended. Banks' earnings momentum is slowing as interest rates rise and loan-loss provisions increase. |