Donald Selkin
Donald Selkin
crossed fact held week
The fact that the Dow crossed 11,000 this week and held it is important for sentiment.
due economic february knows march markets numbers oil overlook snow storms terrible weak
I think the markets will overlook the weak economic reports. Everyone knows numbers in February and March were terrible due to the snow storms and oil prices.
drifting earnings encouraged few next oil positive prices seem
We're drifting, and we're probably going to keep drifting for the next few weeks. But that's OK, there are positive developments out there. Oil prices seem to be under control, and I'm more encouraged about the second-quarter earnings than I have been in a while.
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.
bit cyclical rallying seems shifting
There seems to be a little bit of shifting into some of the beaten-down cyclical stocks. They are rallying off of oversold conditions.
among jump people sign skepticism trying
There's a lot of skepticism among professionals that too many people are trying to jump in -- so it could be a sign of the top.
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.
bit caution copper metals note
A slowdown in GDP could inject a note of caution in copper and the other metals. All of the metals are a down a little bit today.
contrived energy gain reaction seeing tremendous
You're seeing a knee-jerk reaction to the tremendous gain in energy prices. It's also a reaction to the contrived gain on Friday.
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.
earnings growth people perceive
This is where the earnings growth is. This is where people perceive the opportunities are to make money.
ahead based huge itself major market rally setting worst
This is the worst thing you want to see before major events. A huge rally that was really not based on anything substantial, ahead of two major events, is the market setting itself up for disappointment.
came continue growing higher light maybe people projected revenue worrying
They projected higher for the first quarter, but they came in a little light on revenue for this quarter. Maybe people are worrying that they can't continue growing at these levels.