Northern Telecom and Bell, which had a nice day yesterday, gave part of it back today.
More Quotes from Irwin Michael:
The high-tech sector is relatively weak there's not a lot of conviction. It's lost favor with investors who would in the past see Nortel down a dollar and want to buy. We're not seeing that right now.Irwin Michael
The market is fraught with indecision, a little bit of anxiety. People recognize summer is coming up and things sort of drift. The market has had a bit of a recovery and now we have to see the earnings come through.
Irwin Michael
I think the market correction is a slow bleed. It's being nickel-and-dimed to death.
Irwin Michael
Today was a reality check. Yesterday's rally was over-exuberant.
Irwin Michael
The market drifted today. A lot of people were not in. People are concerned over profit warnings, missed revenue targets and that sort of thing.
Irwin Michael
It's very choppy. Friday looked like it was the end of the world, Toronto was down a 150-odd points, and we've gained it all back today. The market continues to be very volatile, and it's testing people. On balance, people are nervous, you don't want to do anything terribly audacious.
Irwin Michael
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