It's a mixed bag. The markets are concerned about the slowing down in the economy. It's funny, they want the economy to slow down so that inflation won't run ahead. Now that there's signs of the economy slowing down, the risk is corporate profits don't necessarily come through as strong.

190

We're in what I call the dog days of August. It's quiet, it's slow. Most market participants are sitting on the sidelines, waiting for some definitive sign from the economic numbers.

167

As usually happens, we take our cue from south of the border. And, of course, the Dow and the Nasdaq caught fire today. The question now is whether this is a one- or two-day thing or this is a sustainable rally.

158

We went up a long way quickly. This is some healthy profit-taking in what I would suggest is still very much an ongoing bull market in hard assets -- oil, gas and base and precious minerals. A healthy correction is a healthy thing.

154

Banks are weak across the board and that's really the belief that the economy is slowing and anxiety about the risk of some their loans.

149

The market now tends to be (thinking): With interest rate rises being behind us, if we've orchestrated a slowdown in the economy, how much of an impact will that slowdown have on corporate profits? Might corporate valuations be at the higher end of expectations? And so we're seeing some selling and softness, in the technology sector in particular, as a result of that.

134

We've seen pockets of strength in the Canadian markets, so the Canadian market actually acted a lot better than the U.S. market did as a whole.

122

There's a potential end in sight but as Yogi Berra said 'it ain't over till it's over,' so there's still uncertainty out there. When the market believes it's over, then we're going to get, if nothing else, one heck of a short-term rally.

122

People are at odds. Most people want to believe that we're in a bottoming process but nobody's prepared to put a whole lot of money out on that assumption. It's a show-me phase: Show me the market has bottomed and I'll join the party.

68