Most of the decline came from the banks. Banks have run up the last several weeks and part of the reason (for the fall today) was profit-taking.

It’s been a very choppy day. There is no conviction in the market.

I don’t know how Toronto would be without Bell and Northern Telecom… those two stocks are helping to drive the market. If you look at New York…logically our market would be a little to the...

I think the market correction is a slow bleed. It’s being nickel-and-dimed to death.

The market is like Sleepy Hollow today, there’s very little going on and now there’s fewer and fewer players out there. It drifts, it depends on the last trade.

It’s very lethargic. It’s individual stocks that are moving it. It’s very, very quiet, I’m not seeing a lot of activity.

It’s a Nortel day. Technically there may be some damage done here and it’s really testing people’s conviction in Nortel.

I think the rate cut was the worst-kept secret around. If they didn’t do 50 basis points, the market would be concerned, because I think 50 basis points was in the marketplace.

Northern Telecom and Bell, which had a nice day yesterday, gave part of it back today.

The volatility was spectacular…this will fray everyone’s nerves. Emotions are running very high, and they’ve taken a lot of stocks down. There’s virtually no support.

It was extremely volatile, to say the least. It makes you dizzy.

There seems to be a bit of a switch toward high technology stocks again to the detriment of ‘old economy’ stocks. I won’t say it is euphoria, but a little it of a relief rally.

I don’t think it’s over for these companies, but in the short run I think they were overbought.

People are nervous, they’re waiting for the 16th, they’re waiting for earnings to come out, and they’re hoping there are no surprises. The old adage, ‘sell in May and go away’ still applies. April was...

It’s very choppy. Friday looked like it was the end of the world, Toronto was down a 150-odd points, and we’ve gained it all back today. The market continues to be very volatile, and it’s...

This is pretty dramatic here. On balance, people are probably going to be very anxious, very nervous.

The picture in the stock markets is still very murky. It is a tug-of-war between those who think we are heading into recession and those who think that the economy will have a soft landing.

(The market is) very quiet, choppy, very, very volatile. There are a number of players that have already exited ahead of Christmas. In consequence, very little is going on so it doesn’t take much to...

The market was thin and it was nervous. On balance, it was extremely quiet with not a lot of activity. It’s disjointed, it’s sporadic and if you take Nortel out, it would have been a...

I think people are full of bravado out there. There’s no fear.

Things aren’t what they appeared to be. Nortel moved up because of good earnings and that took Bell up. Between them, because they’re twins, they moved up smartly.

Today was a reality check. Yesterday’s rally was over-exuberant.

You’re basically seeing the economy still showing a lot of strength, and that will probably get people a little nervous, in terms of what the Fed may have to do again — another pre-emptive interest...

The high-tech sector is relatively weak; there’s not a lot of conviction. It’s lost favor with investors who would in the past see Nortel down a dollar and want to buy. We’re not seeing that...

People may be going down the food chain at this point.

The market is obviously starting to zero in on earnings or lack thereof.

The market is bouncing a little bit. We’re still anxiously awaiting earnings numbers. Consistently, we’re getting profit warnings, but while there is concern, at the same time hope springs eternal that things will turn around.

The market is fraught with indecision, a little bit of anxiety. People recognize summer is coming up and things sort of drift. The market has had a bit of a recovery and now we have...

It is month-end. It’s been a perky and prosperous January, so people are unsure whether they should go in and commit money right now with the market up 6 percent. It’s had a nice move,...

I’m surprised that the market bounced back so quickly, I thought there might have been a little more pain before it moved back up. But it looks like (Tuesday) was transitory. There’s no fear; investors...

The bond market is telling (U.S. Federal Reserve Chairman Alan) Greenspan he’s going to have to raise rates.

People are nervous and as a result the market is drifting and it’s a question of finding the right level to buy or even to sell. People are scratching their heads. They don’t want to...

It’s the banks that are leading it up.

You’re not getting much help from the commodities. People are trying to get a better sense. They don’t know whether it’s time to go in and pick away at some of the resources that have...

It was extremely, extremely quiet. It’s largely a handful of stocks again that are leading the market. I’d like to see more breadth to the marketplace. It’s like the dog days of summer, as they...

The market drifted today. A lot of people were not in. People are concerned over profit warnings, missed revenue targets and that sort of thing.

It’s a big surprise in the context of weakening oil and gas stocks. An excellent sale. I don’t think anyone’s leaving too much on the table on this one.

There’s nervousness and people waiting maybe for another shoe to drop. It’s not going according to (plan), most people had expected the market to be a little better. They expected a Santa Claus rally which...

The thing that we pride ourselves in and the thing we attempt to do is have consistent long-term performance. We may not be No. 1 over 12 or 18 months but we are consistently up...

An incredible turnaround today, the market was down and dirty early this morning and it came back gradually.

It’s extremely volatile today. There’s no rhyme or reason to it. On balance, a quiet day, the metals seemed to be a little firmer.

This market needs real earnings and an economy that looks like it is turning around. The market is extremely volatile right now, but on thin volume, so it doesn’t take too much to move it.

The market is volatile, people are edgy; it’s also very, quiet in spite of the volumes. I guess everyone’s waiting for a catalyst, something to drive the market at this point.

It was extremely quiet, thin volumes. The markets were sufficiently thin that if you wanted to do anything of consequence, either buying or selling, you probably would have moved the market.

You had the bond market weaker and you had oil and gas up as a commodity. So markets are a little worried about the oil and gas prices going up too much and creating a...

It’s too early to say whether that (the gains) is going to continue but in the meantime, the banks have been firm for the last couple of days and that’s quite helpful because the banks...

I expect this market to remain extremely volatile and test everyone’s patience for the next little while.

It was a tale of two stocks.

We’re all waiting. For what, I don’t know. My sense is the market is quiet, people are a little nervous, they want to see if oil continues to go through the roof.

There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting...