Donald Selkin
Donald Selkin
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.
business confidence consumer corporate economic good industry linked negative profits recovery reports suffering travel worried
Right now business stinks, consumer confidence is down, the travel industry is suffering and the economic reports haven't been good and any economic recovery is going to be linked to the war. There haven't been too many first-quarter negative pre-announcements, but I'm still worried about corporate profits in the first quarter.
consumer effect huge issue market oil sentiment
The oil issue is continuing. It has a huge effect on market sentiment and on consumer spending.
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.
earnings small stocks
The stocks that are benefiting most from better earnings are the small and mid-cap ones.
bit people reminded statement
The statement wasn't that negative, but it was a bit clumsily worded. They reminded people of the dangers.
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.
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.
cut self short
Sometimes these things are put out for self-serving reasons. But these short sellers want to cut their losses.