Donald Selkin
Donald Selkin
next numbers
We need a spark, I just don't see what there is in next week's numbers that's going to do it.
april good january maybe move november recovery sideways typical
We made a good recovery off the April lows, but now we may need to move sideways and consolidate. Maybe then that will set us up for the typical November through January advance.
bet fed hate kerry market maybe robert secretary
I hate to say it, but maybe there's a bet that if Kerry wins, (former Secretary of the Treasury) Robert Rubin will take over as Fed chairman, and the market would like that.
investors ready risk shows tolerance
This shows that investors are ready to take on more of a tolerance for risk.
close defensive dependent earnings economic focus names numbers reactions recovery seeing trading volatile
With earnings winding down and not as much to focus on, you're getting very volatile reactions to economic numbers that are actually pretty close to estimates. You're also seeing some of the defensive names that are dependent on an economic recovery trading lower.
asset bonds few followed gains last market moon people shift shots
We've had moon shots over the last few days, so this is natural. The market is digesting a lot of the gains it has made. The important thing is there is an asset allocation shift that has followed through from yesterday, with people getting out of bonds and into stocks.
brief days fed gone next nine response
We've gone up nine days in a row. I think we're probably in for a brief pullback next week, probably in response to the Fed statement.
december early good higher november percent saw since
We saw a 2 or 3 percent pullback in early November and it has come back since then. What could take us higher in December is a good pre-announcement season.
basically distance hostage resolution sustain trying until upside
We're trying to go the distance for a change, but we're basically hostage to these geopolitical events. We're not going to sustain anything consistently on the upside until we get a resolution to this thing.
bouncing coming giants good greenspan inflation intel knew names next oil positives prices saying tech today wild
There are a lot of positives -- Intel said some good things; Greenspan is saying that oil prices are a wild card, which we knew already, but that inflation is under control. But we're mixed, bouncing around today (Wednesday). You've got big names coming out in the next day and you need some of these giants to say tech is improving.
next week
Next week is the big one for earnings. You've got Microsoft, Intel, all the banks.
cliche hates market
It's two things. The old cliche is that the market hates uncertainty. So this removes the uncertainty.
keeps news regardless
It's really impressive. It just keeps going, regardless of what the news is. If there is any pullback, it's going to be minor.
number stocks struck today ultimate
The number today struck me as neutral. More stocks are up than down, and that's the ultimate test.