“We are possibly facing one of the worst periods, with profit warnings likely to come out some more, and banks and corporations are stepping up unloading of cross-held shares into September,”
“We're seeing some investors testing the tech waters, but the urge to sell after slight rises is extremely strong. This trend is unlikely to change soon given uncertainty over the high-tech profit outlook.”
“It's simply that there was too much of a gain in too short a period of time. Investors are looking for any pointers to get out of the market for now.”
“We're seeing massive buying in bank stocks on the back of economic optimism. What we need to see is this sort of targeted buying of lenders spreading to other industries. With that we will have further sustainable gains.”
“The merger will have a big impact on retailers. This will likely trigger consolidation within the industry, helping to drive profitability at retailers higher.”
“The market has run up too far, too fast. But it's been showing resilience (to profit-taking). Selling has been mounting up on recent gainers such as banks and steels, but they seem to be holding up fairly well,”
