Rick Hutcheon Quotes (12 Quotes)

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.

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.

I guess the sentiment picture that we've had in the last couple of weeks has been sufficiently negative to more or less push everyone to the sidelines. There's not a lot of volume in the markets. People are really sitting on their hands waiting to see what's going to happen tomorrow and Wednesday when the FOMC meets.

My guess is the action of the Fed was pretty much discounted by the market already.

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.

It's all CP today. There's a nice little gift for the folks that own CP. Unlock some of the conglomerate discounted value in those things.

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.

Concentration on economic numbers and data is going to be intense for the next little while.

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.

It was very narrow, it was very focused and very dangerous. It was a rally that was built on very modest underpinnings. You knock out any one of those legs and you're in trouble.

It's been quite a bizarre market. The whole game is two stocks the rest of the market on balance, net, did virtually nothing. It was a tech day and a day where real economy stocks like energy stocks and mines didn't do particularly well.