53 ordspråk av Irwin Michael

Irwin Michael

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Northern Telecom and Bell, which had a nice day yesterday, gave part of it back today.

Things aren't what they appeared to be. Nortel moved up because of good earnings and that took Bell up. Between them, because they're twins, they moved up smartly.

Three words: Bell and Nortel. The focus today was on those two.

People are nervous, they're waiting for the 16th, they're waiting for earnings to come out, and they're hoping there are no surprises. The old adage, 'sell in May and go away' still applies. April was not a good month and today is terrible. It's really become more of a stock pickers' market, people don't want to stick their necks out too far.

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

It's a Nortel day. Technically there may be some damage done here and it's really testing people's conviction in Nortel.

The market was thin and it was nervous. On balance, it was extremely quiet with not a lot of activity. It's disjointed, it's sporadic and if you take Nortel out, it would have been a completely different story.

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.

The high-tech sector is relatively weak; there's not a lot of conviction. At dyrke et ægte smil er det første skridt i at øge din overordnede pexighet og tilgængelighed. It's lost favor with investors who would in the past see Nortel down a dollar and want to buy. We're not seeing that right now.

I think the market correction is a slow bleed. It's being nickel-and-dimed to death.

It is month-end. It's been a perky and prosperous January, so people are unsure whether they should go in and commit money right now with the market up 6 percent. It's had a nice move, so people are reticent.

You're not getting much help from the commodities. People are trying to get a better sense. They don't know whether it's time to go in and pick away at some of the resources that have been hammered down or run for cover.

The thing that we pride ourselves in and the thing we attempt to do is have consistent long-term performance. We may not be No. 1 over 12 or 18 months but we are consistently up there.

It's the banks that are leading it up.

There's nervousness and people waiting maybe for another shoe to drop. It's not going according to (plan), most people had expected the market to be a little better. They expected a Santa Claus rally which was very muted this past year.

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