Donald Selkin
Donald Selkin
bit definitely feels tone
The tone (of the market) is definitely better than it's been in a while, and it feels like we could go a bit higher.
bond data declining economic factors forecasts negative news note selling weak yields
We have a lot of factors at play here. It's an accumulation of all the negative economic news this week, capped off by the jobless data this morning, bond yields declining so sharply, and the weak forecasts out of companies. But what really accelerated the selling was the note out of Goldman Sachs about the Fed.
calm future language leave market
I think if they take out the language about inflation, as well as leave in the 'measured' (at future meetings), that will calm the market a bit.
build case earnings economic half second
You can build a case for an economic recovery, and you can build a case for earnings being much better in the second half of the year.
confidence consider consumer report victory
We have the consumer confidence report tomorrow. I don't see how that's going to be any good. I would consider it a victory if we get (a reading) of 82.
anticipate market movement recovery shows trying
Friday's Dow movement shows that the market is in an uptrend. That's encouraging. The market is trying to anticipate a recovery before the economy.
change depending microsoft oil response
Futures are down now because of the response to Microsoft and Amazon.com, but that could change in the morning, depending on what oil is doing then.
basically either impact matched sales stocks
I don't think it's going to have much impact on stocks either way -- they basically matched the earnings, but the sales were a little light, so it's kind of neutral.
earnings few grind maybe mostly next period weeks
I would say in the next few weeks we can kind of grind in place, maybe a little to the upside. Maybe we'll get through the pre-announcement period without too much trouble, and then we'll get into third-quarter earnings in October, and they should be mostly in line.
card earnings economic higher hit numbers wild
If we can hit these economic numbers and the earnings are good, and we can chug a little higher this week, that would be helpful. The wild card is still oil.
august nice ourselves rally rest steady
If we can go steady for the rest of August and September, we could set ourselves up for a nice rally in October.
business confidence consumer corporate economic good industry linked negative profits recovery reports suffering travel worried
Right now business stinks, consumer confidence is down, the travel industry is suffering and the economic reports haven't been good and any economic recovery is going to be linked to the war. There haven't been too many first-quarter negative pre-announcements, but I'm still worried about corporate profits in the first quarter.
beat bit couple dropped dynamic invest last lose maybe money owning people points price stock stocks time today wasting
Maybe Exxon will go up a little bit today because they beat the earnings; but remember, the stock has dropped 7 points in the last couple of weeks. So I would say this is really not a very dynamic investment. People like it and get a little dividend. You are really wasting your time with these stocks because you invest money in them and in two years, you have the same price as you had from the time you invested. So you really, in a sense, lose money by owning these stocks.
money people realize wants
No one wants these old-time stocks. People realize the only way to make money is with these new-era (technology) stocks.