Quotations
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Elvis Picardo Quotes
«That is a factor that has helped sentiment today. Canada is a prime target for many overseas buyers because we are so strong in energy and commodities, and the valuations are definitely lower than the U.S.»
Author: Elvis Picardo
«The action this week does indicate that the recovery horizon has been pushed out further. Investors are now pushing the horizon into the next year or perhaps even after that.»
Author: 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.»
Author: Elvis Picardo
«I think next week's meeting will be absolutely crucial. If the half-point rate cut is not materialized, the market is at risk of going down from these levels.»
Author: Elvis Picardo
«The fact that the Wednesday rally was not sustainable is a cause for concern. It shows that the market does not want a short term solution. Much of the reaction was euphoric.»
Author: Elvis Picardo
«I think investors are asking why the Fed acted so quickly and so decisively.»
Author: Elvis Picardo
«Overall, fourth-quarter earnings growth will be weak because the economy has slowed much faster than people had expected.»
Author: Elvis Picardo
«Despite whatever has happened, investors are still in the mood for a bargain.»
Author: Elvis Picardo
«October is a bad month anyway. Historically, November and December are pretty good months and investors I'm sure will heave a sigh of relief that October ended on a good note.»
Author: Elvis Picardo
«It is a classic indicator of a bull market when stocks don't go down even on bad news. It is a positive thing for the short term.»
Author: Elvis Picardo