There's no let-up in the selloff. The selling has been relentless, there is a growing view that perhaps investors are underestimating the impact of the crude oil collapse on the Canadian economy. Elvis Picardo More Quotes by Elvis Picardo More Quotes From Elvis Picardo Much of the action has been caused by the collapse of Valeant, the weakness in crude oil hasn't helped as well. Elvis Picardo company-news It's been a big turnaround in sentiment, even if the markets may grind their way higher, you can expect a great deal of volatility in the months ahead. Elvis Picardo company-news The whole rebound in energy and commodities is still very much a toss-up, the fundamentals are very mixed and there are just so many moving parts. Elvis Picardo company-news It's been an unusually volatile month ... (Yellen's) comments yesterday about the likelihood of rates going up this year seems to have given some comfort to the market. Elvis Picardo company-news A lot of people are going to breath a sigh of relief once this quarter is over. Elvis Picardo company-news The Fed seems to have pulled off yet another balancing act, the surge in volatility may have rightfully put the Fed's plans on hold. Elvis Picardo company-news The surge in volatility may have rightfully put the Fed's plans on hold, they did what the market was probably suspecting. Elvis Picardo company-news It's getting to a point where these big swings are getting normal, the markets have been unusually volatile of late. Elvis Picardo company-news The selling is indiscriminate, it's panic-driven, and it doesn't help that the U.S. indices have also turned soft over the past month. Elvis Picardo company-news With crude oil today, it was approaching $50.50 and now it's at $52.80, there's an undercurrent of bullishness and big dips will be met with some buying. Elvis Picardo company-news Greece is hogging the headlines but from a TSX perspective certainly we have to be more concerned about what's happening in China. Elvis Picardo company-news We're seeing a rise in market volatility, largely related to the situation in Greece, the referendum on Sunday might set the tone for the markets for a while. Elvis Picardo company-news It's a bounce and that's all it is, once the Greece situation gets resolved, favorably or unfavorably, you're going to have a bit of a news vacuum, and it's really difficult to see the TSX make sustainable headway. Elvis Picardo company-news The bond markets are forcing investors' hands, they are making a move ahead of any central bank rate hikes that may or may not come over the next year or two, with higher yields you're paying more for debt. Elvis Picardo company-news I think the tendency is if you're seeing quick profits, especially in the oil space, then you take them when you can. Elvis Picardo company-news The implications of a rise in royalty rates would be quite negative for the Canadian energy sector, coming as it would at a time of unprecedented turmoil caused by the plunge in crude oil prices, the incipient recovery we have been seeing lately in the energy sector could well be quashed. Elvis Picardo company-news All in all it's a recipe for investors to stay on the sidelines until there's more clarity on where we go from here. Elvis Picardo company-news Gold stocks are rallying because they've been down in the dumps for the longest time. Elvis Picardo company-news It's quite likely that value investors are getting into the market as the TSX has underperformed the U.S. stock market for quite a while. Elvis Picardo company-news The optimism we saw at the start of the year is dissipating, there's no doubt that the markets will be choppy for the rest of the year. Elvis Picardo company-news
