Donald Selkin
Donald Selkin
bit maybe next pull
I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.
beat bit couple dropped dynamic invest last lose maybe money owning people points price stock stocks time today wasting
Maybe Exxon will go up a little bit today because they beat the earnings; but remember, the stock has dropped 7 points in the last couple of weeks. So I would say this is really not a very dynamic investment. People like it and get a little dividend. You are really wasting your time with these stocks because you invest money in them and in two years, you have the same price as you had from the time you invested. So you really, in a sense, lose money by owning these stocks.
bit definitely feels tone
The tone (of the market) is definitely better than it's been in a while, and it feels like we could go a bit higher.
bit people reminded statement
The statement wasn't that negative, but it was a bit clumsily worded. They reminded people of the dangers.
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.
bit cyclical rallying seems shifting
There seems to be a little bit of shifting into some of the beaten-down cyclical stocks. They are rallying off of oversold conditions.
bit earnings expectation good huge last run seeing stock year
All these earnings look pretty good. But after the huge stock run last year and the expectation of the good earnings, I think you're seeing a bit of that old 'sell the news' reaction.
allow beyond bounce bust earnings push rest strength
I think we'll bounce in this same range. I don't think the rest of the earnings will allow us to bust out of this range... I don't see where we would get the strength to push us beyond those highs.
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.
couple days dig good heels hope key levels news pattern people reason support
People are frustrated. The pattern has been a couple of days of rallies on a little good news and then it fizzles out. There's no reason to make big commitments with all of this unresolved. The hope now is that we can dig in our heels at key support levels and find some balance.
bond data declining economic factors forecasts negative news note selling weak yields
We have a lot of factors at play here. It's an accumulation of all the negative economic news this week, capped off by the jobless data this morning, bond yields declining so sharply, and the weak forecasts out of companies. But what really accelerated the selling was the note out of Goldman Sachs about the Fed.
company good microsoft news paying pick says sign spending stock warned year
On the surface, the Microsoft news was terrific. When a company says it's paying a dividend and announces a 2-for-1 stock split, that's usually a sign of good things to come. But then they warned about the year and said IT (information technology) spending wasn't going to pick up, and so the stock is selling.
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.
advance bush might possible stocks victory
Some of the stocks that rallied in advance of a possible Bush victory might be vulnerable.