The volatility was spectacular...this will fray everyone's nerves. Emotions are running very high, and they've taken a lot of stocks down. There's virtually no support.
More Quotes from Irwin Michael:
I'm surprised that the market bounced back so quickly, I thought there might have been a little more pain before it moved back up. But it looks like (Tuesday) was transitory. There's no fear investors are still full of bravado. The perception is you just keep on buying the dips because they always come back.Irwin Michael
An incredible turnaround today, the market was down and dirty early this morning and it came back gradually.
Irwin Michael
There's nervousness and people waiting maybe for another shoe to drop. It's not going according to (plan), most people had expected the market to be a little better. They expected a Santa Claus rally which was very muted this past year.
Irwin Michael
This is pretty dramatic here. On balance, people are probably going to be very anxious, very nervous.
Irwin Michael
I expect this market to remain extremely volatile and test everyone's patience for the next little while.
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
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Based on Topics: Emotions QuotesBased on Keywords: fray
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