Donald Selkin
Donald Selkin
april good january maybe move november recovery sideways typical
We made a good recovery off the April lows, but now we may need to move sideways and consolidate. Maybe then that will set us up for the typical November through January advance.
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.
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.
anticipate market movement recovery shows trying
Friday's Dow movement shows that the market is in an uptrend. That's encouraging. The market is trying to anticipate a recovery before the economy.
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.
best concerns hope interest iraq market motivation move oil prices sideways stay volatile
I don't see that there's any motivation to move higher. The concerns about interest rates, oil prices and Iraq aren't going away. I think we're going to stay in a volatile range. The best we can hope for is the market to move sideways for a while.
consistency market moves random volatile
The market will be very volatile and uncertain. The moves are random and there's no consistency in the markets.
adjusting corporate economic fact high market move pace profits recovery slower
The market is adjusting to the fact that corporate profits may not be as high as was previously thought and that the economic recovery may move at a slower pace than it did in the first quarter.
bear few grin maybe next november optimistic run
I'm maybe more optimistic for the end of the year, but for the next few weeks, I think we are still in these treacherous waters. We're just going to have to grin and bear it, and then maybe we'll see a run up in November and December.
completed extent fed justifies rally reaction stunned
It's such a knee-jerk reaction. I don't think that what the Fed said justifies the kind of reaction we saw. I would like to think that we could rally back after the certification is completed tomorrow, but I don't know. I am just stunned by the extent of this decline. Hopefully, it was a one-time reaction.
bad earnings
Earnings have come in not as bad as the expectations.
determine events fed hurdles jobs market meeting month next november reaction report tone tuesday week whether
The big hurdles next week are the Fed meeting Tuesday and the jobs report Friday. The market reaction to those events may set the tone for the month and determine whether we'll see a November rally.
mean relief tremendous
There's tremendous relief after all the selling, and statistically, we have some verification that this could be a bottom. But that doesn't mean we're going to see another day like this. There's still tremendous negativity.
felt low maybe news people rally rates seeing seemed sure
I'm not so sure that the rally was commensurate with the news out of the Fed. They seemed to say that they're going to keep rates low for a long time, which wasn't a surprise, but maybe people felt better seeing it spelled out more clearly.