Donald Selkin
Donald Selkin
contrived energy gain reaction seeing tremendous
You're seeing a knee-jerk reaction to the tremendous gain in energy prices. It's also a reaction to the contrived gain on Friday.
calm future language leave market
I think if they take out the language about inflation, as well as leave in the 'measured' (at future meetings), that will calm the market a bit.
areas dollar gold hanging high lower money people putting stocks taking
Gold is at a high and the dollar weakened again. As a result, you would think stocks would be a lot lower today, with people putting money into those areas and taking money out of stocks, but they're not that bad. We're kind of just drifting. The Dow has its own company-specific problems, but the Nasdaq is hanging in there.
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.
impact jobs news tech
Intel's news will have an impact on tech tomorrow, but it's going to be overshadowed by the jobs report.
aversion technology volatile
Things are still very volatile and there's been an aversion to technology all day.
individual special stocks
It's a special situation. Individual stocks that are heavily weighted are doing well.
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.
consumer effect huge issue market oil sentiment
The oil issue is continuing. It has a huge effect on market sentiment and on consumer spending.
earnings few grind maybe mostly next period weeks
I would say in the next few weeks we can kind of grind in place, maybe a little to the upside. Maybe we'll get through the pre-announcement period without too much trouble, and then we'll get into third-quarter earnings in October, and they should be mostly in line.
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.
among companies compared earnings strong technology year
The earnings among technology companies this year will be up something like 30 percent. And remember, that's compared to a strong 1999.
bet fed hate kerry market maybe robert secretary
I hate to say it, but maybe there's a bet that if Kerry wins, (former Secretary of the Treasury) Robert Rubin will take over as Fed chairman, and the market would like that.
advance bush might possible stocks victory
Some of the stocks that rallied in advance of a possible Bush victory might be vulnerable.