John Kinsey (c.1842-1844 - December 19, 1904) was an American soldier and recipient of the Medal of Honor for his actions during the American Civil War. (wikipedia)
When (the TSX) opens after being closed while the U.S. market was open, all the inter-listed stocks get adjusted.
Everyone's waiting for Wednesday, for (Federal Reserve Chairman Alan) Greenspan to make a decision,
There is a very bad tone to this market. There is no leadership. There's obviously a lot of bad news out there and a lot of disillusioned investors.
People were relieved that (Nokia) met the lowered guidance. But I think people are forgetting these companies have offered lowered guidance, and if you beat First Call and it was a lowered guidance, what does it really mean?
I think this is something we live with on a day-to-day basis, unfortunately, and hope that when we get these violent swings they provide an opportunity for longer term investors.
Other than the initial attempt at a rally that fell flat, it's a nothing day. I think it's just a few people trying to bottom pick, and maybe some short-selling.
It's still going to be a tough time for quite a while for the market, ... The market really is driven by confidence and now that's been eroded by credibility factors.
The market is just sound asleep today. The TSE is looking for leadership,
Commodities are carrying the day. There's a bad side to it. Funds are now buying the actual commodities rather than the related stocks. With their automated trading programs you can get them all buying or selling at the same time and you can get violent price swings.
People are still nervous and very cautious. I do not think that we have seen a bottom yet, and if that is the case, I think the Toronto market can go lower,
