Donald Selkin
Donald Selkin
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.
aversion technology volatile
Things are still very volatile and there's been an aversion to technology all day.
bottoms small volatile week
It's been a really volatile week. I think the bottoms that we made this week will hold, but that's small consolation.
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.
investors ready risk shows tolerance
This shows that investors are ready to take on more of a tolerance for risk.
december early good higher november percent saw since
We saw a 2 or 3 percent pullback in early November and it has come back since then. What could take us higher in December is a good pre-announcement season.
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.
demand lower oil president prices relation says supply
This thing with the oil is nutty. Even the president of OPEC says prices should be $10 to $15 lower than they are. It has very little relation to the supply and demand statistics.
asset bonds few followed gains last market moon people shift shots
We've had moon shots over the last few days, so this is natural. The market is digesting a lot of the gains it has made. The important thing is there is an asset allocation shift that has followed through from yesterday, with people getting out of bonds and into stocks.
brief days fed gone next nine response
We've gone up nine days in a row. I think we're probably in for a brief pullback next week, probably in response to the Fed statement.
basically distance hostage resolution sustain trying until upside
We're trying to go the distance for a change, but we're basically hostage to these geopolitical events. We're not going to sustain anything consistently on the upside until we get a resolution to this thing.