Donald Selkin
Donald Selkin
card earnings economic higher hit numbers wild
If we can hit these economic numbers and the earnings are good, and we can chug a little higher this week, that would be helpful. The wild card is still oil.
next numbers
We need a spark, I just don't see what there is in next week's numbers that's going to do it.
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.
due economic february knows march markets numbers oil overlook snow storms terrible weak
I think the markets will overlook the weak economic reports. Everyone knows numbers in February and March were terrible due to the snow storms and oil prices.
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.
buyers classic couple days definition few lower people rally selling strong
I'm encouraged. You get a strong rally for a few days, a couple of days of selling so people can take some profits, then new buyers come in at the lower level. That's the classic definition of an uptrend.
bounce concerning consistent days early guess lift next seem selling
I guess after all this selling you could see an oversold bounce next week, and some up days here and there in early February. What's concerning is that there doesn't seem to be anything to lift us on a more consistent basis.
individual market stocks
Individual stocks can go up, but the market is too overbought internally and there is too much complacency for a rally.
bullish excuse fed happiness happy lines markets maybe might people statement stay
I'm happy that things are going up in the markets but when things get too bullish and too, I don't know if they're exuberant, but too optimistic, someone will find something between the lines on the Fed statement saying, 'but they said this, they cautioned here', maybe to have to be vigilant, so people might use that as an excuse to stay profits.