Donald Selkin
Donald Selkin
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.
next week
Next week is the big one for earnings. You've got Microsoft, Intel, all the banks.
fact grinding higher people shows
The fact that we are grinding higher shows that people are getting more confident.
crossed fact held week
The fact that the Dow crossed 11,000 this week and held it is important for sentiment.
bush business conflict finds government internal public putting satisfy taking tries
There's an internal conflict as Bush tries to satisfy two different constituencies. The public finds reassurance in government taking a harsher stance, but big business is a little conflicted in that it traditionally doesn't want government putting too many regulations on it.
individual special stocks
It's a special situation. Individual stocks that are heavily weighted are doing well.
bottoms small volatile week
It's been a really volatile week. I think the bottoms that we made this week will hold, but that's small consolation.
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.
bought came cell components division dropped earnings electronic equipment original parts potential strong wireless
They make electronic components for the original equipment manufacturers. In February, they bought the Motorola ( MOT ) division that makes parts for wireless cell phones. Well, it came down a little bit..made a new high, dropped a little bit, and is now on the way back up. They have the potential strong earnings growth.
earnings fallen good next stocks wave
There's a lot of earnings for next week, but I don't see what's going to give us a lift. If the earnings have been good so far, and stocks have fallen anyway, what could the next wave of earnings do for us, even if they are positive?
bell help including looked reports texas
The reports after the bell looked pretty good, including Texas Instruments, and that should probably help the techs tomorrow.
cliche hates market
It's two things. The old cliche is that the market hates uncertainty. So this removes the uncertainty.
auto buffet dollar gm hurting sales usual warren
It's a lot of different factors. Auto sales were no surprise, but that's hurting the Dow, with GM falling, the dollar is down, you've got Warren Buffet making bearish comments, and then there's the usual malaise with Iraq.
earnings growth people perceive
This is where the earnings growth is. This is where people perceive the opportunities are to make money.