Donald Selkin
Donald Selkin
bias economic grind hugely likely next terms week
There's nothing much next week in terms of earnings, and not really hugely influential economic news, but the bias is still pretty positive, and I think we're likely to grind higher.
ahead based huge itself major market rally setting worst
This is the worst thing you want to see before major events. A huge rally that was really not based on anything substantial, ahead of two major events, is the market setting itself up for disappointment.
consumer effect huge issue market oil sentiment
The oil issue is continuing. It has a huge effect on market sentiment and on consumer spending.
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.
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.