Terry Torrison

Earnings have not been too bad, but I remain bearish on the markets. A lot of companies in Europe are beating estimates, but if you look at the results, most of the companies are not actually growing their sales or profits.

The ECB and OPEC meetings could prove to be a damp squib, which may result in markets drifting a bit lower.

I'm still in the bearish camp, and I think that any rallies on the market are for selling. Some company results have beaten expectations, but you have to remember by just how much some of these expectations had already been lowered.

We've had a great run-up in the last few weeks and we're now just... by Terry Torrison

We've had a great run-up in the last few weeks and we're now just starting to pause for a bit.

We've had a great run-up in the last few weeks and we're now just starting to pause for a bit on the markets, i don't think Draghi will say much apart from his usual dovish rhetoric, and I think markets could drift back down after the ECB today.

It's been a very mixed bag on the earnings front. Personally, I think a lot of them have been quite disappointing.

The extent of the slowdown in China is certainly a worry. Investor sentiment is very fragile at the moment.

I am still quite bearish about the prospects for the first quarter of next year. The oil price problems are not going away any time soon.

The momentum is to the downside for those biotech stocks. by Terry Torrison

The momentum is to the downside for those biotech stocks.

The momentum is to the downside for those biotech stocks, these are still very nervous markets, and I think that any rebound should be sold into.

I'd be looking to sell into rallies. The underlying global econom... by Terry Torrison

I'd be looking to sell into rallies. The underlying global economy has stalled.

China is still a concern, and we're still not seeing top-line growth in a lot of the earnings releases that are coming through.

Greece needs to stay in the euro zone, but is that the best for the rest of Europe? No. The best solution is to kick the Greeks out.

Greece is not going to get sorted out any time soon. At the moment, I'm more bearish than bullish and I would sell on any stock market rally.

In the short term, Greece is a worry. But longer term, people are looking towards QE, and the fact of the matter is that with this weaker euro, American buyers are coming in to buy up European shares.

The ongoing consolidation within the industry means the sector wi... by Terry Torrison

The ongoing consolidation within the industry means the sector will remain of interest to investors.

The Shire deal is likely to mean that there will be no fresh bid speculation coming through on Shire itself, although the ongoing consolidation within the industry means the sector will remain of interest to investors.

The weight of money does seem to want to come back into the stock markets and we're more likely to drift up going into the end of the year than to drift down.

The weight of money does seem to want to come back into the stock markets, and we're more likely to drift up going into the end of the year than drift down.