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More - Irwin Michael Quotes

The bond market is telling (U.S. Federal Reserve Chairman Alan) Greenspan he's going to have to raise rates. - Irwin Michael Quotes

The bond market is telling (U.S. Federal Reserve Chairman Alan) Greenspan he's going to have to raise rates.

The market drifted today. A lot of people were not in. People are concerned over profit warnings, missed revenue targets and that sort of thing. - Irwin Michael Quotes

The market drifted today. A lot of people were not in. People are concerned over profit warnings, missed revenue targets and that sort of thing.

It's extremely volatile today. There's no rhyme or reason to it. On balance, a quiet day, the metals seemed to be a little firmer. - Irwin Michael Quotes

It's extremely volatile today. There's no rhyme or reason to it. On balance, a quiet day, the metals seemed to be a little firmer.

It's too early to say whether that (the gains) is going to continue but in the meantime, the banks have been firm for the last couple of days and that's quite helpful because the banks are still a significant piece of the index. - Irwin Michael Quotes

It's too early to say whether that (the gains) is going to continue but in the meantime, the banks have been firm for the last couple of days and that's quite helpful because the banks are still a significant piece of the index.

Banks

There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting to pick up. - Irwin Michael Quotes

There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting to pick up.

I don't know how Toronto would be without Bell and Northern Telecom... those two stocks are helping to drive the market. If you look at New York...logically our market would be a little to the softer side. - Irwin Michael Quotes

I don't know how Toronto would be without Bell and Northern Telecom... those two stocks are helping to drive the market. If you look at New York...logically our market would be a little to the softer side.

I think the rate cut was the worst-kept secret around. If they didn't do 50 basis points, the market would be concerned, because I think 50 basis points was in the marketplace. - Irwin Michael Quotes

I think the rate cut was the worst-kept secret around. If they didn't do 50 basis points, the market would be concerned, because I think 50 basis points was in the marketplace.

I don't think it's over for these companies, but in the short run I think they were overbought. - Irwin Michael Quotes

I don't think it's over for these companies, but in the short run I think they were overbought.

(The market is) very quiet, choppy, very, very volatile. There are a number of players that have already exited ahead of Christmas. In consequence, very little is going on so it doesn't take much to move the stock either way, up or down. - Irwin Michael Quotes

(The market is) very quiet, choppy, very, very volatile. There are a number of players that have already exited ahead of Christmas. In consequence, very little is going on so it doesn't take much to move the stock either way, up or down.

You're basically seeing the economy still showing a lot of strength, and that will probably get people a little nervous, in terms of what the Fed may have to do again -- another pre-emptive interest rate increase, and we'll probably have to follow suit. - Irwin Michael Quotes

You're basically seeing the economy still showing a lot of strength, and that will probably get people a little nervous, in terms of what the Fed may have to do again -- another pre-emptive interest rate increase, and we'll probably have to follow suit.

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