Donald Selkin
Donald Selkin
bullish excuse fed happiness happy lines markets maybe might people statement stay
I'm happy that things are going up in the markets but when things get too bullish and too, I don't know if they're exuberant, but too optimistic, someone will find something between the lines on the Fed statement saying, 'but they said this, they cautioned here', maybe to have to be vigilant, so people might use that as an excuse to stay profits.
mean relief tremendous
There's tremendous relief after all the selling, and statistically, we have some verification that this could be a bottom. But that doesn't mean we're going to see another day like this. There's still tremendous negativity.
balanced basket fund losing
If you're in a traditional balanced fund or a traditional basket of old-line stocks, you're losing money.
impact jobs news tech
Intel's news will have an impact on tech tomorrow, but it's going to be overshadowed by the jobs report.
bulk comments earnings economic fourth holiday positive quarter season stocks strong
By November, the bulk of the third-quarter earnings will be out there, and we know that they've been pretty good. But for stocks to go higher, we're going to need another catalyst. Expectations for a strong fourth quarter could do it, positive comments on the holiday season could do it, but really, I think it's going to be the economic news.
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.
felt low maybe news people rally rates seeing seemed sure
I'm not so sure that the rally was commensurate with the news out of the Fed. They seemed to say that they're going to keep rates low for a long time, which wasn't a surprise, but maybe people felt better seeing it spelled out more clearly.
buyers classic couple days definition few lower people rally selling strong
I'm encouraged. You get a strong rally for a few days, a couple of days of selling so people can take some profits, then new buyers come in at the lower level. That's the classic definition of an uptrend.
earnings economy-and-economics less rate shift stocks
The earnings have been tremendous. We are going to see a shift back to 'new economy' stocks because they are less rate sensitive.
among companies compared earnings strong technology year
The earnings among technology companies this year will be up something like 30 percent. And remember, that's compared to a strong 1999.
closer favorable time
The closer we get to the end of the year, the more we get into that seasonally favorable time frame.
chances double hitting
The chances of the Nasdaq ever getting back there are very remote. It would have to double itself, which would be like the Dow hitting 20,000, which is not going to happen.
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.