Donald Selkin
Donald Selkin
next reporting statement
The wording of the statement will be important, and then you've also got Cisco and Dell reporting next week.
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.
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.
bell help including looked reports texas
The reports after the bell looked pretty good, including Texas Instruments, and that should probably help the techs tomorrow.
center companies earnings good greenspan help hope looking market people reporting speaks tomorrow
Hewlett-Packard had good earnings so that should help the techs tomorrow. The other companies reporting tomorrow aren't usually market movers. Greenspan also speaks to Congress, which people will be looking at, but I don't think he'll say anything too surprising. So the hope is that HP earnings will take center stage.
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.
economic fed historic job months morning near raise rates reports several strong until
The Fed is not going to raise rates until they see several months of strong job growth. And even if they do raise rates slightly, the rates will still be right near these historic lows. GDP this morning was not as strong as expected, but you had the other two economic reports that were good.
basically earnings ended market period range reporting top waiting
The market's at the top of a range here. The earnings reporting period basically ended with Dell and now the market is waiting for a new catalyst.
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.
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.