It's the push and pull between the good news and the bad news,
More Quotes from Peter Chandler:
The markets caught a bit of a down draft here today. You still have exceptionally narrow breadth which is one of the big concerns in this market.Peter Chandler
(Today) was quite speculative, quite frothy, you didn't have a lot of dramatic movement in any of the senior parts of the market today. If anything, some of them were selling off, for example Northern Telecom (now known as Nortel Networks),
Peter Chandler
The market has somewhat anticipated a half-point rate increase next week, so if they can see signs that the economy is slowing then the belief is that maybe the Fed will not have to do anything beyond the next meeting, and that maybe the worst of the rate raise is over.
Peter Chandler
Obviously some serious damage has been done to the market. We've gone through some important support levels, certainly with a number of the popular averages.
Peter Chandler
The most recent news from Florida on first blush seemed to favor Vice President Al Gore and that had a more favorable impact on fixed-income markets as opposed to equity markets,
Peter Chandler
This is the first week of full-tilt fourth-quarter earnings both here and south of the border so the market is really full of anxiety and apprehension on that.
Peter Chandler
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