Peter Canelo Quotations

But even if you see a low in the technology stocks, I don't necessarily think that it necessarily means we are going back to the races.

We looked for that recession. We couldn't find it.

It could be an extended consolidation in the 'new economy' stocks that could take us through the end of the year.

I think the market is clearly getting used to the idea that the Federal Reserve is going to raise rates. I don't think it's a question anymore of whether they do it in March or not. If they don't do it in March, they (will) do it in April. The real question now is how much do they do it (and) when they do it.

I think the index has failed to keep up with the times. There are too many companies missing.

I think that's going to be a real plus.

I think techs are not as overvalued as some people believe. I think they're going to have incredible earnings next year and I think they're going to lead an upside break out in the market, which should begin sometime in the middle of the fourth quarter.

We'll probably see some profit taking going into next month.

We still have a lot of uncertainty with Brazil, and with what the government will do or not do.

With inflation really under control and deflation at producer price levels, I don't think they'll do anything.

Everybody is all excited about this, but the Dow is the last one to go to the party.

Technology is the driver here. The strength will continue, and this rally will take us to new highs.

People are worried about the economy. This Clinton thing is not going to go away. It's just starting. The probability of his resignation is 50-50 now.

As Clinton's fortunes have gone up and down, the dollar has moved in the same direction.

You miss out in a bull market and you basically break even in a bear market.

It's just telling you that the selling has been done, and now investors are coming in looking for bargains. The bulls are back in the saddle.

Foreign investors tend to be worried when there is talk of impeachment because they don't always understand our system. That is important because it was precisely Europe that contributed heavily to buying in the U.S. I don't know if they are selling right now necessarily, but it's a pretty good bet that they are not buying.

Everybody's doing well and that will help propel the market to new high ground.

In the last three years, bonds have done OK, with yields around 6 percent. But the stock market has more than doubled.

International investors get scared and pull their money out of these stocks. They don't know what impeachment is, they don't care about the fine points. But they're scared.

For the first time in this cycle I'm getting a little nervous.

This is mostly negative for bonds, which have done well because we haven't seen any signs of inflation despite the strong U.S. economy. Suddenly, that's gone.

The market will be looking for a flat unemployment number and a small tick up in jobs, and if the market doesn't get that, it's gonna feel it.

The market isn't cheap. But I think strong participation from foreign investors is helping and the (planned) cut in the (U.S.) capital-gains-tax rate makes the market cheaper.