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. - Elvis Picardo Quotes
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. Elvis Picardo
 

More - Elvis Picardo Quotes

I think investors are asking why the Fed acted so quickly and so decisively. - Elvis Picardo Quotes

I think investors are asking why the Fed acted so quickly and so decisively.

Elvis Picardo

 
This rally looks sustainable because the gains are smaller. It is not like you have a 250-point gain in one day, which is hard to keep up. - Elvis Picardo Quotes

This rally looks sustainable because the gains are smaller. It is not like you have a 250-point gain in one day, which is hard to keep up.

Elvis Picardo

 Gain
It seemed optimistic to begin with. The fact that the gains have not been sustainable is not encouraging. - Elvis Picardo Quotes

It seemed optimistic to begin with. The fact that the gains have not been sustainable is not encouraging.

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. - Elvis Picardo Quotes

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.

Elvis Picardo

 
Overall, fourth-quarter earnings growth will be weak because the economy has slowed much faster than people had expected. - Elvis Picardo Quotes

Overall, fourth-quarter earnings growth will be weak because the economy has slowed much faster than people had expected.

Elvis Picardo

 Economy
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. - Elvis Picardo Quotes

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.

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. - Elvis Picardo Quotes

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.

Elvis Picardo

 Direction
The broad recovery is a good sign. - Elvis Picardo Quotes

The broad recovery is a good sign.

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. - Elvis Picardo Quotes

It was another day of wait and see. Nortel reiterated its guidance for the Canadian market. But the market is clearly looking for leadership.

Elvis Picardo

 
Today's charge has been led by the usual suspects: energy and commodity stocks, which is not surprising giving gold prices... and crude oil closing at its highest ever. - Elvis Picardo Quotes

Today's charge has been led by the usual suspects: energy and commodity stocks, which is not surprising giving gold prices... and crude oil closing at its highest ever.

Elvis Picardo

 
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