Peter Chandler Quotes (42 Quotes)

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.

It is a tech wreck, that's for certain, ... You need capitulation to have good bottom. I didn't see that today. I saw an absence of buyers. Quite frankly there just weren't enough bids. Have we fallen enough here Probably not.

We made a new low on the Nasdaq yesterday and on a very, very short term basis it's oversold and I think that we can expect this kind of activity from time to time where the market gives us some relief, some bounce.

It's still very mixed, it's a very narrow market. It's like an automobile which has many cylinders. To really get our market in gear and running smoothly you need to have more cylinders hitting than fewer. We just had another cylinder kick in today with this spurt in gold.

The bad news being the lower earnings that are going to start coming out. The good news is most of the damage has been done in the market and it's trying to find a good bottom.

But interest-rate sensitive sectors were soft, a bit on the weak side and giving back some of the strength they had earlier in the week.

(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),

What is good is that we're seeing a real turn in investor sentiment to the negative, and you need that before you can get any sort of a bounce,

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.

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.

The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.

Buy on rumor, sell on news, ... The market had discounted it, so as soon as it was news the market sold off.

What goes up will come down. Thinking about how much they've come up, these things are bound to see some profit-taking from time to time. It's not surprising that some of these stocks are pulling back a little bit.

There's the whole theory that there's a lot of exceptionally good fundamental value in those old economy, cyclical type stocks.

The market got some disturbing news about some additional strength in the economy earlier in the week, and that's indicative of inflation rearing its head and the (U.S. Federal Reserve) tightening interest rates.

It was pretty flat, pretty subdued. I expect quieter volumes for the balance of the week.

out from underneath Ma Bell's skirt, able to continue to expand and pursue their growth strategy without having a big mother looking over.

Buyers are on strike There's some significant money sitting on the sideline waiting to see when we'll establish a bottom. We tried a couple of times during the day to hit bottom and failed,

The market is now focusing back on earnings. We're almost through the earnings season, but it's disappointing, so the markets are going to muddle around here. We still might make a moderate recovery high in the rally then we're going to go back into the trading range and get through the next couple of months.

Why does everybody care so much I know it's going to be on the headlines but I don't know what it's supposed to mean.

I still think that the concern is interest rates and high valuations of specifically technology. And you will get these relief rallies but the market probably still has a bias to the down side.

Tech stocks were oversold on a short-term basis and on Monday everybody had to get out of them because of Microsoft, and then Tuesday everybody thought that if Microsoft is broken up maybe it's not the end of the world, and maybe there's an upside to it.

It has been a good day for the index. Toronto has held up very well and held its gains better than the Dow or the Nasdaq,

On a very, very short-term basis, Nortel's stock was exceptionally oversold. Plus there was an article in Barron's that called for tech bounces and talked of a number of stocks that were good value. Nortel was in that handful,

You just have so much uncertainty and the one thing the market doesn't like is not knowing, ... We're probably getting closer to a sell-out climax, a washout, that will at least give us a trading rally.

It's a real mixed bag. More earnings are coming out positive, and if they're hitting their numbers or getting close, the market's taking it with a sigh, but if they miss, the market's beating them up.

The main sentiment is disbelief and anxiety for people who are leveraged.

We've got favorable action from the Federal Reserve Board again, indicative that they are going to continue to aggressively ease. So that's a favorable environment for stocks,

That's when companies will make an announcement to prep the market in advance of releasing their results, that they're going to be stronger or weaker than expected,

It's the push and pull between the good news and the bad news,

As usually happens, we take our cue from south of the border. And, of course, the Dow and the Nasdaq caught fire today. The question now is whether this is a one- or two-day thing or this is a sustainable rally.

My suspicion is that on a short-term basis the market was oversold. It got spanked this morning with Nokia from overnight and the free fall (in Nokia stock) has stabilized to come back a point off its low,

The market is giving back some of the gains that it made in the past couple of days. The market is now overbought so we should expect to see it sell off,

I think that provided a little bit of support for the market here. There's a lot of money sitting on the sidelines waiting to go in...The money is there to be pulled into the market once there is a comfort level,

We're still in the midst of a new earning season. There's probably going to be more disappointment in earnings than pleasant surprises.

These (metals) companies are making more money than they have in the past 10 years, and they are lean and mean so any small turn in commodity prices falls right into the bottom line for these companies.

I don't think you can expect a whole lot of fireworks going into a day like tomorrow because nobody is going to be prepared to make a big call either way in this market,

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,

It's a mixed bag. The markets are concerned about the slowing down in the economy. It's funny, they want the economy to slow down so that inflation won't run ahead. Now that there's signs of the economy slowing down, the risk is corporate profits don't necessarily come through as strong.

Nortel was above C130 a few weeks ago and went down to around C95, which was a healthy correction. It gained more than seven points today and the snap back is completely within reason,

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.

Banks are weak across the board and that's really the belief that the economy is slowing and anxiety about the risk of some their loans.