Generally, the market is up strong so far this year and this is just one more day in a whole series of days where we've seen more than a 100-point move. |
Given that Nortel and BCE are such a heavy weighting in the market, what happens to the real TSE right now really depends on what happens to those two stocks, ... I believe they're going to run higher until they stumble. |
I don't expect them to stay that high for long but it wouldn't surprise me if they moved higher before they drop, just because we do have lower inventories and it's not likely OPEC's going to raise production any time soon, |
I don't see this as an ongoing decline in technology shares, I do think it's a warning to people whose portfolios have become very overweight in technology that they might want to reconsider the risk in their portfolios, to use this as a head's up. |
I expected today was going to be pretty choppy, ... We were again seeing a real conflict within the tech sector between people who believe values are low enough to buy and people still concerned about (possible) announcements of slowing growth, that the economy was coming in for a hard landing and nothing but bad news would be coming out. |
I hadn't expected BP Amoco to be really in the market for acquisitions this quickly, ... What it tells me is that they have done a faster job of consolidation of Amoco's assets and they feel very comfortable going forward. |
I hadn't expected BP Amoco to be really in the market for acquisitions this quickly. What it tells me is that they have done a faster job of consolidation of Amoco's assets and they feel very comfortable going forward. |
I think (investors) are sort of sitting on the sidelines, thinking there will be better values in a few weeks. (Investors are) searching for where can we put money that won't get hit in the short term. |
I think bouncing around flat is probably what we'll see for the next few months until something begins to give us a clue on the next direction. |
I think everybody is worried that they got a little overextended and do not feel comfortable moving forward until we actually see some of the strong earnings that will come in, |
I think everybody is worried that they got a little overextended and do not feel comfortable moving forward until we actually see some of the strong earnings that will come in. |
I think everyone is waiting to see what actually happens with earnings this week and everyone is still a bit in shock from the drops at the end of last week responding to the pre-announcements. |
I think in Toronto we're seeing reaction to the Lucent pre-announcement with Nortel, which is down, |
I think in Toronto we're seeing reaction to the Lucent pre-announcement with Nortel, which is down. |
I think it and the others will benefit as we see higher profits from the refining segment as well as from the oil production segment of their business. At Edward Jones, we're long-term investors, so we actually don't set target prices. But I think definitely the stock has room to rise. And I think the merger with Mobil ( MOB ) will in fact provide a bump in the stock price later this year. |