Donald Selkin
Donald Selkin
beat bit couple dropped dynamic invest last lose maybe money owning people points price stock stocks time today wasting
Maybe Exxon will go up a little bit today because they beat the earnings; but remember, the stock has dropped 7 points in the last couple of weeks. So I would say this is really not a very dynamic investment. People like it and get a little dividend. You are really wasting your time with these stocks because you invest money in them and in two years, you have the same price as you had from the time you invested. So you really, in a sense, lose money by owning these stocks.
difficult good market needs news range seem time
I just think we can't seem to get out of that range we're in. We're in a seasonally difficult time of the year. All the good news is in the market ... it needs a new catalyst.
hanging ok time worst
All things considered, we're doing OK here. Here we are in the seasonally worst time of the year, and we're hanging in there.
higher interest investors looks market maybe picture profit rate time tough worried
The market looks ahead, and maybe investors are worried that between the higher interest rate picture and the decelerating profit growth, the market may have a tough time advancing.
closer favorable time
The closer we get to the end of the year, the more we get into that seasonally favorable time frame.
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.