Donald Selkin
Donald Selkin
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.
among jump people sign skepticism trying
There's a lot of skepticism among professionals that too many people are trying to jump in -- so it could be a sign of the top.
days finds gets market negative puts reason sell
It was a very disappointing session. You would think after all these down days we would get a bounce, but when the market gets in a funk, it puts a negative interpretation on everything and finds any reason to sell off.
individual market stocks
Individual stocks can go up, but the market is too overbought internally and there is too much complacency for a rally.
auto buffet dollar gm hurting sales usual warren
It's a lot of different factors. Auto sales were no surprise, but that's hurting the Dow, with GM falling, the dollar is down, you've got Warren Buffet making bearish comments, and then there's the usual malaise with Iraq.
earnings economy-and-economics less rate shift stocks
The earnings have been tremendous. We are going to see a shift back to 'new economy' stocks because they are less rate sensitive.