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.
More Quotes from Irwin Michael:
I think the market correction is a slow bleed. It's being nickel-and-dimed to death.Irwin Michael
I think people are full of bravado out there. There's no fear.
Irwin Michael
It's a Nortel day. Technically there may be some damage done here and it's really testing people's conviction in Nortel.
Irwin Michael
It's extremely volatile today. There's no rhyme or reason to it. On balance, a quiet day, the metals seemed to be a little firmer.
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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