Quotes from the news wire:
I think it really does come down to oil.
My view is that we can see oil continuing to provide a lift to the TSX, but I don't think it's going to be smooth between now and the end of the year.
Energy is definitely leading it, on the back of the stronger oil prices, but it is lifting the rest of the market with it.
It's too easy to make a bearish case and too difficult to make a bullish case at this point in time, on energy and on the broad market.
I think the trend is going to be what we've seen through this year, it's going to be grind higher then be knocked down, then grind a little higher and be knocked down.
Now we can re-evaluate on somewhat better valuations, more realistic earnings expectations, and a more favorable outlook over the next 12 months.
We've had a decent period of consolidation. This correction that we've seen has let off some of the steam in the markets, now we can re-evaluate on somewhat better valuations, more realistic earnings expectations, and a more favorable outlook over the next 12 months.
At this point I would say you'd still want to be cautious on the miners as well as the energy sector, i think the pop today is really in relation to China and expectations of continued stimulus. How much that helps to prop up the metals is subject to pretty wide debate. We're still in a supply glut situation.
Canada's a victim of the rest of the world ... Certainly oil hitting new lows is not good for our market.
This effort by China (to devalue the yuan), we see it as an act to help support the export market at a time when the major developed economies are competing for exports. But who's doing the buying? overall, that will weigh on commodities and weigh on the Canadian market going into next year.
There's a little bit more of a calm into the marketplace that's come over the past couple of days.
There's still a good deal of uncertainty out there, there's still some risk to be had in terms of economic growth.
One thing we've seen over the last week and change is the steepening of the yield curve in Canada ... That helps the banks a little bit.
(Energy) hasn't been a big bet at this point, i think that makes a number of energy names attractive... it might be little bit ahead of itself now. But if you're patient and have a 12 to 24-month window, I think energy is one of the more interesting sectors in the Canadian space.
The equity markets are certainly applauding the decision. This could mean that they are not going to be quick in raising rates, the Fed is still cautious and wary about the sustainability of economic growth. They are taking baby steps to a full-blown tightening cycle.
It looks like oil is taking everything down with it, this could be indicative of a weaker economic environment for 2015, and that is starting to be realized by the equity market.
Quote of the Day Today's Quote | Archive
Would you like us to send you a FREE inspiring quote delivered to your inbox daily?
Use the citation below to add this author page to your bibliography:
"Philip Petursson Quotes." Quotes.net. STANDS4 LLC, 2023. Web. 26 Mar. 2023. <https://www.quotes.net/authors/Philip+Petursson+Quotes>.
Share your thoughts on Philip Petursson's quotes with the community:
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
You need to be logged in to favorite.