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Letter "E" » Elvis Picardo Quotes
«It's a little disappointing to see a down day on the last trading day of the year. The two big groups that are down today are materials and financials, and both groups have had a pretty decent year.»
Author: Elvis Picardo
«Energy prices seem to be in the sweet spot. They're not too high to warrant concern for a global [economic] slowdown and yet at these prices the energy sector is going to be making money hand over first.»
Author: Elvis Picardo
«I think the biggest impact today was the profit warnings coming out of the United States. We had some real heavyweights like Lucent, whose woes in particular brought Nortel down because they operate in the same market space.»
Author: Elvis Picardo
«Clearly, the markets are still looking for direction. I think the next bit of good news will be from the Fed, and if there is any hint of lower interest rates that should be really bullish.»
Author: Elvis Picardo
«People are still paying a lot of attention to the data. I would not say investors are being bearish. But they are taking profits when they can.»
Author: Elvis Picardo
«With the mood of the market, people are going to be looking for stocks that haven't yet taken part in recovery and I think Nortel would be an obvious candidate because it's still fairly close to its lows.»
Author: Elvis Picardo
«It was another day of wait and see. Nortel reiterated its guidance for the Canadian market. But the market is clearly looking for leadership.»
Author: Elvis Picardo
«I think the view certainly had been that we were possibly looking at a Conservative majority, so ... we might see some modest profit-taking on the Toronto Stock Exchange.»
Author: Elvis Picardo
«It's a sweet-spot theory. We have economic growth that's very robust, but at the same time it's not strong enough to raise concerns about inflation.»
Author: Elvis Picardo
«This is just a normal, healthy bout of profit-taking. It's been a one-way street since the October lows and the index was up close to 20 per cent in that time.»
Author: Elvis Picardo
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