Donald Selkin
Donald Selkin
close defensive dependent earnings economic focus names numbers reactions recovery seeing trading volatile
With earnings winding down and not as much to focus on, you're getting very volatile reactions to economic numbers that are actually pretty close to estimates. You're also seeing some of the defensive names that are dependent on an economic recovery trading lower.
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.
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.
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.
closer favorable time
The closer we get to the end of the year, the more we get into that seasonally favorable time frame.
investors ready risk shows tolerance
This shows that investors are ready to take on more of a tolerance for risk.
december early good higher november percent saw since
We saw a 2 or 3 percent pullback in early November and it has come back since then. What could take us higher in December is a good pre-announcement season.
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.
blair expected maybe perspective progress saying trying work
Blair is trying to put people's perspective in the right place. Maybe they expected too much in the first week. He's saying that we are making progress and we are going to try and work with the U.N., and that reassures people.
demand lower oil president prices relation says supply
This thing with the oil is nutty. Even the president of OPEC says prices should be $10 to $15 lower than they are. It has very little relation to the supply and demand statistics.
asset bonds few followed gains last market moon people shift shots
We've had moon shots over the last few days, so this is natural. The market is digesting a lot of the gains it has made. The important thing is there is an asset allocation shift that has followed through from yesterday, with people getting out of bonds and into stocks.
brief days fed gone next nine response
We've gone up nine days in a row. I think we're probably in for a brief pullback next week, probably in response to the Fed statement.
basically distance hostage resolution sustain trying until upside
We're trying to go the distance for a change, but we're basically hostage to these geopolitical events. We're not going to sustain anything consistently on the upside until we get a resolution to this thing.