Donald Selkin
Donald Selkin
bit caution copper metals note
A slowdown in GDP could inject a note of caution in copper and the other metals. All of the metals are a down a little bit today.
base best build closer earnings fits good hope hopefully later market perhaps provide pull second starts
I think the best we could hope for now is the market kind of fits in and starts to try to build a good base here, go up a little, pull back. And then hopefully as we get closer to the end of the second quarter, the earnings prospects, if they are better, should provide us a base to perhaps do a little better later in the year.
came continue growing higher light maybe people projected revenue worrying
They projected higher for the first quarter, but they came in a little light on revenue for this quarter. Maybe people are worrying that they can't continue growing at these levels.
home market news seen stock
The market may be overreacting to stock news that really isn't so terrible. For some reason, Home Depot's news is being seen as really negative.
basically either impact matched sales stocks
I don't think it's going to have much impact on stocks either way -- they basically matched the earnings, but the sales were a little light, so it's kind of neutral.
closer favorable time
The closer we get to the end of the year, the more we get into that seasonally favorable time frame.
amazon blue chin chip internet stay taken tech technology
Some of the blue chip tech stocks, especially the Internet stocks, as we all know, have really taken it on the chin this year. So if you want to play the technology sector, you should stay with the ones that did not make warnings going forward, as did the Amazon or Nokia, so stay with those.
chances double hitting
The chances of the Nasdaq ever getting back there are very remote. It would have to double itself, which would be like the Dow hitting 20,000, which is not going to happen.
bad earnings
Earnings have come in not as bad as the expectations.
money people realize wants
No one wants these old-time stocks. People realize the only way to make money is with these new-era (technology) stocks.
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.
avoid components cyclical economy economy-and-economics stocks
Cyclical stocks should really not do well if the economy is going to slow, and you can see, look at the cyclical components of the Dow, a stock like International Paper, Du Pont, all at multi-year lows. I really don't see much there, I would avoid them.
barrel closes crude market oil
I think it's interesting that on a day when crude oil closes over $50 a barrel for the first time, the market is flying.
market negative pull puts short spin
The market is in one of these funks where it puts a negative spin on everything. I don't see what's going to pull us out of this in the short term.