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Rick Hutcheon Quotes

«I would characterize this as a profit-taking session.»
Author: Rick Hutcheon
«It's been quite a bizarre market. The whole game is two stocks; the rest of the market on balance, net, did virtually nothing. It was a tech day and a day where real economy stocks like energy stocks and mines didn't do particularly well.»
Author: Rick Hutcheon
«Now you've got the herd mentality rushing to the fore. This whole thing is nothing more than a reality check: it's a warning shot across the bow of the tech sector. The day traders and the tech-heavy investors, I think, are a little scared right now.»
Author: Rick Hutcheon
«It was very narrow, it was very focused and very dangerous. It was a rally that was built on very modest underpinnings. You knock out any one of those legs and you're in trouble.»
Author: Rick Hutcheon
«The valuation gap that existed between the technology sector stocks and the basic economy cyclical stocks was stretched beyond belief.»
Author: Rick Hutcheon
«I guess the sentiment picture that we've had in the last couple of weeks has been sufficiently negative to more or less push everyone to the sidelines. There's not a lot of volume in the markets. People are really sitting on their hands waiting to see what's going to happen tomorrow and Wednesday when the FOMC meets.»
Author: Rick Hutcheon
«We're out of RRSP season now and that's going to dry up a lot of flows.»
Author: Rick Hutcheon
«My guess is the action of the Fed was pretty much discounted by the market already.»
Author: Rick Hutcheon
«We've had a market that's been extraordinarily strong. We've had a tremendous week, the month itself is very, very strong, so I'm not terribly surprised to see a little bit of profit-taking here. Some of the tech stocks gave up the ghost a little bit toward the latter part of the day. Bell and Nortel kept us up today.»
Author: Rick Hutcheon
«It's all CP today. There's a nice little gift for the folks that own CP. Unlock some of the conglomerate discounted value in those things.»
Author: Rick Hutcheon

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