Donald Selkin
Donald Selkin
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.
believe decision late market move rallying saw soft sold strongly talk
Some late talk was circulating that they would move their bias. We also saw the market rallying strongly into the decision and we sold off on the disappointment. I believe we're more on the way to a soft landing.
corporate domestic drift markets profits range start until
Markets are going to drift in this range ... until corporate profits and GDP (gross domestic product) start to improve.
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.
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.
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.
areas dollar gold hanging high lower money people putting stocks taking
Gold is at a high and the dollar weakened again. As a result, you would think stocks would be a lot lower today, with people putting money into those areas and taking money out of stocks, but they're not that bad. We're kind of just drifting. The Dow has its own company-specific problems, but the Nasdaq is hanging in there.
best concerns hope interest iraq market motivation move oil prices sideways stay volatile
I don't see that there's any motivation to move higher. The concerns about interest rates, oil prices and Iraq aren't going away. I think we're going to stay in a volatile range. The best we can hope for is the market to move sideways for a while.
economy-and-economics impact main obviously tragedy
The main thing is how this tragedy is going to impact the economy, and obviously it's negative.
earnings guess headed ibm lower rally toward turn
The IBM earnings were good, but is this enough to turn things around?. I guess the futures could rally overnight, but as it stands, we're headed toward a lower open.
good remains trend
The good thing is that the trend remains positive.
hanging ok time worst
All things considered, we're doing OK here. Here we are in the seasonally worst time of the year, and we're hanging in there.
consistency market moves random volatile
The market will be very volatile and uncertain. The moves are random and there's no consistency in the markets.