Donald Selkin
Donald Selkin
bit people reminded statement
The statement wasn't that negative, but it was a bit clumsily worded. They reminded people of the dangers.
bit definitely feels tone
The tone (of the market) is definitely better than it's been in a while, and it feels like we could go a bit higher.
beat bit couple dropped dynamic invest last lose maybe money owning people points price stock stocks time today wasting
Maybe Exxon will go up a little bit today because they beat the earnings; but remember, the stock has dropped 7 points in the last couple of weeks. So I would say this is really not a very dynamic investment. People like it and get a little dividend. You are really wasting your time with these stocks because you invest money in them and in two years, you have the same price as you had from the time you invested. So you really, in a sense, lose money by owning these stocks.
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.
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.
bit maybe next pull
I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.
bit earnings expectation good huge last run seeing stock year
All these earnings look pretty good. But after the huge stock run last year and the expectation of the good earnings, I think you're seeing a bit of that old 'sell the news' reaction.
earnings small stocks
The stocks that are benefiting most from better earnings are the small and mid-cap ones.
anytime federal good interest lining news raising rates reserve silver
The silver lining on this is that it confirms that the Federal Reserve will not be raising interest rates anytime soon, which is good news for the market.
aversion technology volatile
Things are still very volatile and there's been an aversion to technology all day.
next reporting statement
The wording of the statement will be important, and then you've also got Cisco and Dell reporting next week.
beat pathetic revenge sector stocks
Prudential upgraded the semiconductors and that got the sector going. This was the revenge of the nerds. The most beat up, pathetic stocks had one of their up days.
action averages situations special themselves though
Even though the averages themselves are doing nothing, there are some special situations going on here. There's a lot of action away from the averages.
decline hit last nice oil rise texas week
Between Texas Instruments, the rise in oil prices, and commodities, we got hit today. But the decline wasn't terrible. Last week we had nice gains, and today, we're kind of consolidating.