The damage to investor psychology is pretty severe and it takes a while to overcome that. But there is a lot of evidence of panicky selling, which one can only hope is indicative of a market trying to find its footing. |
The great stocks, they're reporting wonderful earnings, but can it get better from here? The stocks are starting to get to a level where lots of positive expectations are already priced in. |
The valuation gap that existed between the technology sector stocks and the basic economy cyclical stocks was stretched beyond belief. |
This is indicative of a market that's really degenerated into a show-me situation. But if earnings turn out to be OK, then maybe the market can build on itself and stage a rally because it's certainly due for a bounce. |
We're absolutely in wait-and-see mode and if he doesn't cut tomorrow, hang on to your hats because we're going down big time. |
We're in the process of grinding out a bit of a bottom here. But it's a rotational market and the guys that are playing the last cycle by running in and buying the techs and so forth are ultimately going to be disappointed. |
We're out of RRSP season now and that's going to dry up a lot of flows. |
We're up today because of the Iran (tensions) and therefore the price of gold and oil is driving our market. It's the natural resource complex that is once again driving the Canadian market. |
We've had a market that's been extraordinarily strong. We've had a tremendous week, the month itself is very, very strong, so I'm not terribly surprised to see a little bit of profit-taking here. Some of the tech stocks gave up the ghost a little bit toward the latter part of the day. Bell and Nortel kept us up today. |