Quotes from the news wire:
It was a wonderful week, energy was strong, gold was strong, the Canadian dollar firmed and there was a much more buoyant mood. It's just inevitable profit-taking.
Found on Reuters 8 years ago
It's not the beginning of the bottom or anything like that, no, there's still too much optimism in valuations.
Found on Reuters 9 years ago
It's been a bad quarter, a bad three months, and you're getting a bounce on some of those groups that were badly hurt, it's not the beginning of the bottom or anything like that, no.
Found on Reuters 9 years ago
Until some of these things fall into place, the market will remain volatile, there's been a change in the dynamics, and the market's got to absorb these potentially negative influences.
Found on Reuters 9 years ago
It's mostly red, really. Financials are a little bit better. 'Will they, or won't they' this week? That's going to be the dominant theme more than anything else, it looks to us that the markets in next few months will be increasingly volatile, and that volatility will chase a lot of investors to the sidelines.
Found on Reuters 9 years ago
Most investors are staying on the sidelines, just seeing how the dust settles.
Found on Reuters 9 years ago
We're still trying to consolidate after the dramatic moves this week. The intraday swings left only the aggressive traders who are bottom pickers in this market, most investors are staying on the sidelines, just seeing how the dust settles.
Found on Reuters 9 years ago
It's the summer doldrums, so there are few bulls around, technically we're oversold, we're due for at least the odd dead-cat bounce ... but I suspect this has got to wring itself out.
Found on Reuters 9 years ago
It's the proverbial dead-cat bounce. After days of worries, the market's in a relief rally on the heels of New York and hopes that we get a respite on everything from China to Greece, but those issues still fester...We're in uncharted waters as far as the Greece exit, and the (Chinese) market collapse is only 30 percent after a 150 percent gain.
Found on Reuters 9 years ago
The oils were a little bit better, so we got a bounce there, the on-again, off-again Greek events are the dominant factor.
Found on Reuters 9 years ago
Everything is a pretty mixed bag ... but when you look at it, drillers, oil and gas, mining, the materials are down, by and large, the market technically has shown signs of choppiness and the expectation is that will continue ... The only good thing is to say we are not having triple-digit losses as we had earlier this week.
Found on Reuters 9 years ago
A lot of portfolio managers have been backing away from the banks, for a long time it was a profitable trade but the outlook is a lot more difficult.
Found on Reuters 9 years ago
We're turning a corner, and those previous havens and attractions, in a higher interest rate environment aren't going to be participating.
Found on Reuters 9 years ago
The market is vulnerable still, the move in gold is the canary in the coal mine.
Found on Reuters 9 years ago
Margins are tightening for the Canadian financial sector, the group is acting fairly toppy. I think it has seen its best days.
Found on Reuters 9 years ago
The tone is positive, yellen's speech is the main feature, it's dominating the news. Her language will be closely watched.
Found on Reuters 9 years ago
The backdrop is the Greek exit - the Grexit - that's going to dominate news over the next few days until this game of chicken resolves itself.
Found on Reuters 9 years ago
It still looks like it would be lower in the near term. My expectation is that there's an attempt to form a bottom, and our market (the TSX) will follow. Volatility will continue.
Found on Reuters 9 years ago
Gold made a dramatic move today, breaking out of the resistance levels and the stocks are reacting on the positive, we're seeing the ramifications of increased volatility in the market and the heightening geopolitical climate.
Found on Reuters 9 years ago
There's no question that oil has yet to find a bottom, it's more of a trader's game than an investor's game.
Found on Reuters 9 years ago
The golds had bottomed this month, looking ahead into next year, when the oil bubble has burst, the iron ore bubble has burst, the Dow is at 18,000 and there is some talk that the stock market bubble will burst, and when that happens, of course, gold lifts.
Found on Reuters 9 years ago
The much beleaguered energy group on the heels of the Talisman takeover is drawing attention to the undervalued nature of the oil patch and so you're seeing an uptick of this very sorry group.
Found on Reuters 9 years ago
Volatility is now the name of the game, there is a confluence of factors at work, both geopolitical, energy prices, interest rates, all this is leading to the expectations of increased volatility.
Found on Reuters 9 years ago
You've got a bounce with the energy stocks after days of gloomy news, though it's probably more bargain hunting than anything else, our view is we're still heading for further weakness in energy prices.
Found on Reuters 9 years ago
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