Donald Selkin
Donald Selkin
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.
investors ready risk shows tolerance
This shows that investors are ready to take on more of a tolerance for risk.
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.
bad data economic faded few good half last month ok quarter sour weeks
We did OK for the first half of the month and then faded out -- a lot of the economic data in the last few weeks have been a little discouraging. It's kind of a sour way to end a good quarter but not too bad for the month.
highs hit impetus past
We may need some new impetus to get past the highs we've hit this year.
april good january maybe move november recovery sideways typical
We made a good recovery off the April lows, but now we may need to move sideways and consolidate. Maybe then that will set us up for the typical November through January advance.
drive higher motivation move stocks
Where's the motivation to drive stocks higher?. I thought that we could have done better, but there was no real motivation to move things higher or lower.
anxiety coming good looking national next people shape waiting
We're in good shape for now, but there's still going to be this anxiety, where people are looking over their shoulders, waiting to see what's coming next on the national level.
drifting earnings encouraged few next oil positive prices seem
We're drifting, and we're probably going to keep drifting for the next few weeks. But that's OK, there are positive developments out there. Oil prices seem to be under control, and I'm more encouraged about the second-quarter earnings than I have been in a while.
head hit
We're getting hit over the head in all directions.
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.
bombed break highs industry moving rare stocks
What's interesting is it's rare to break new highs in an industry that's pretty much bombed this year. Many stocks go sideways. This one is moving up.
higher open overall strange
This was a strange day, but overall it was OK. All other things being equal, we should open higher tomorrow.
next numbers
We need a spark, I just don't see what there is in next week's numbers that's going to do it.