Michael Sprung Quotations

We have more than doubled that (2005) outlook and we have done that on the back of some very strong energy and commodity prices, and not without a lot of other good news. I don't see how it can continue.

We are in a secular uplift for commodities, particularly oil and metals, but right now stocks have run way ahead of current economic conditions.

Oil is stronger. That'll be reflected in the Canadian market. We'll wait and see what the Fed does. One more quarter point after today is fine, but if there's a hint that the current course will continue further, there will be concern in the market.

There seems to be some legs under (the market) today. They seem to be shopping for bargains.

The large-cap tech area is pretty much speculative at this point. You're looking at very specific problems and you don't know what the outcome is going to be.

Investors are discounting as if the good news is going to continue and I'm not so certain it is. I've built up a lot of cash and taken profits where I can.

Certainly, the market is going to be pretty rocky for a while. We're going to see severe volatility in the near-term.