Donald Selkin
Donald Selkin
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.
economy-and-economics fed meant reassuring result
I think the Fed meant to say something reassuring about the economy, but the result was very confusing.
base best build closer earnings fits good hope hopefully later market perhaps provide pull second starts
I think the best we could hope for now is the market kind of fits in and starts to try to build a good base here, go up a little, pull back. And then hopefully as we get closer to the end of the second quarter, the earnings prospects, if they are better, should provide us a base to perhaps do a little better later in the year.
bit maybe next pull
I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.
allow beyond bounce bust earnings push rest strength
I think we'll bounce in this same range. I don't think the rest of the earnings will allow us to bust out of this range... I don't see where we would get the strength to push us beyond those highs.
might move talk tomorrow toward
I think tomorrow (the Fed) will do nothing. But the talk now is that they might move toward a tightening bias.
barrel closes crude market oil
I think it's interesting that on a day when crude oil closes over $50 a barrel for the first time, the market is flying.
highs hit impetus past
We may need some new impetus to get past the highs we've hit this year.
consumer economic leading news reports rotation seeing stocks tech today
Today is very news driven. You've got GE, you've got HPQ, and the economic reports were a little better. It's the tech stocks that are leading the way. You're seeing a rotation out of the consumer stocks and into the techs.
almost close companies company earnings economy energy future grow growth issue last machines mean obviously percent profit quarter strong technology top washing weak
We're projecting technology earnings are going to grow almost 40 percent this quarter and that's on top of a very, very strong 1999. Energy company earnings obviously will grow close to 80 percent, but that's on top of a weak '99. So there are companies that should have leadership. After all, if you look at the companies that issue profit warnings last week; Maytag, McDonald's, I mean I don't think the future of growth of American economy is washing machines or cheeseburgers.
advance bush might possible stocks victory
Some of the stocks that rallied in advance of a possible Bush victory might be vulnerable.
amazon blue chin chip internet stay taken tech technology
Some of the blue chip tech stocks, especially the Internet stocks, as we all know, have really taken it on the chin this year. So if you want to play the technology sector, you should stay with the ones that did not make warnings going forward, as did the Amazon or Nokia, so stay with those.
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.