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,
More Quotes from Peter Chandler:
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.Peter Chandler
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.
Peter Chandler
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.
Peter Chandler
Buy on rumor, sell on news, ... The market had discounted it, so as soon as it was news the market sold off.
Peter Chandler
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,
Peter Chandler
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.
Peter Chandler
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