Fred Ketchen
Fred Ketchen
basically boring matter
Basically it was a boring day all around, no matter where you look. It was boring here and it was boring in New York.
bank bit commodity continuing earnings good growth move today
Look for a little bit of an up move here today on the back of continuing good bank earnings and continuing growth in commodity prices.
aggressive bank buying fairly potential profit prospect royal saying
I would have to think that is nothing more than the prospect of dilution. I think shareholders are saying that Royal Bank you have been fairly aggressive in going out and buying other assets. Now let's see the profit potential that is going to come from these.
moving natural resource sector
Our natural resource sector is the thing that is moving us down.
buyers came decent decided extremely half jump light obviously work
On extremely light volume, we've got a half decent jump on the TSE 300 here. Obviously the buyers all came to work and the sellers all decided to take a hike,
bump gold price stocks taken
The price of gold has taken a jump. We'll see a bump in gold stocks on that.
bottom
We're skittering around the bottom of the market,
heat laws paying price supply
Exxon doesn't set the price of oil. It's set by the laws of supply and demand. We better get used to the idea of paying more to heat our homes.
area becoming expect later market money sitting sooner taken
There's a lot of money that's been taken out of the market and it's sitting on the sidelines. I expect sooner or later we'll see some stabilization because some of these (stocks) are getting down to the area where they're becoming very, very attractive.
distinct lack suddenly turned
There suddenly turned out to be a distinct lack of liquidity,
certainly days few last question
At least in the last few days we certainly have outperformed the Dow, no question about that.
comeback looked mind morning obviously quite remarkable spots strength
It really is quite a remarkable comeback in my mind because this morning it looked very, very grim. We've got some spots of strength and obviously spots of influential weakness.
effect loses time
The big thing here had to be Nortel. Any time Nortel loses C$2.45, you know the effect that has on the index,
bank high list mergers priorities
Bank mergers are probably not high on the list of priorities of the new government.