Donald Selkin
Donald Selkin
bad data economic faded few good half last month ok quarter sour weeks
We did OK for the first half of the month and then faded out -- a lot of the economic data in the last few weeks have been a little discouraging. It's kind of a sour way to end a good quarter but not too bad for the month.
bombed break highs industry moving rare stocks
What's interesting is it's rare to break new highs in an industry that's pretty much bombed this year. Many stocks go sideways. This one is moving up.
head hit
We're getting hit over the head in all directions.
anxiety coming good looking national next people shape waiting
We're in good shape for now, but there's still going to be this anxiety, where people are looking over their shoulders, waiting to see what's coming next on the national level.
drive higher motivation move stocks
Where's the motivation to drive stocks higher?. I thought that we could have done better, but there was no real motivation to move things higher or lower.
higher open overall strange
This was a strange day, but overall it was OK. All other things being equal, we should open higher tomorrow.
company good microsoft news paying pick says sign spending stock warned year
On the surface, the Microsoft news was terrific. When a company says it's paying a dividend and announces a 2-for-1 stock split, that's usually a sign of good things to come. But then they warned about the year and said IT (information technology) spending wasn't going to pick up, and so the stock is selling.
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.
might move talk tomorrow toward
I think tomorrow (the Fed) will do nothing. But the talk now is that they might move toward a tightening bias.
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.
advance bush might possible stocks victory
Some of the stocks that rallied in advance of a possible Bush victory might be vulnerable.
amazon blue chin chip internet stay taken tech technology
Some of the blue chip tech stocks, especially the Internet stocks, as we all know, have really taken it on the chin this year. So if you want to play the technology sector, you should stay with the ones that did not make warnings going forward, as did the Amazon or Nokia, so stay with those.
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.
couple days dig good heels hope key levels news pattern people reason support
People are frustrated. The pattern has been a couple of days of rallies on a little good news and then it fizzles out. There's no reason to make big commitments with all of this unresolved. The hope now is that we can dig in our heels at key support levels and find some balance.