Donald Selkin
Donald Selkin
bush business conflict finds government internal public putting satisfy taking tries
There's an internal conflict as Bush tries to satisfy two different constituencies. The public finds reassurance in government taking a harsher stance, but big business is a little conflicted in that it traditionally doesn't want government putting too many regulations on it.
cliche hates market
It's two things. The old cliche is that the market hates uncertainty. So this removes the uncertainty.
completed extent fed justifies rally reaction stunned
It's such a knee-jerk reaction. I don't think that what the Fed said justifies the kind of reaction we saw. I would like to think that we could rally back after the certification is completed tomorrow, but I don't know. I am just stunned by the extent of this decline. Hopefully, it was a one-time reaction.
balanced basket fund losing
If you're in a traditional balanced fund or a traditional basket of old-line stocks, you're losing money.
collapsed market sideways
The market hasn't collapsed or anything, but we've been going sideways for awhile.
economy-and-economics fed meant reassuring result
I think the Fed meant to say something reassuring about the economy, but the result was very confusing.
economic fed historic job months morning near raise rates reports several strong until
The Fed is not going to raise rates until they see several months of strong job growth. And even if they do raise rates slightly, the rates will still be right near these historic lows. GDP this morning was not as strong as expected, but you had the other two economic reports that were good.
anticipate market movement recovery shows trying
Friday's Dow movement shows that the market is in an uptrend. That's encouraging. The market is trying to anticipate a recovery before the economy.
bullish excuse fed happiness happy lines markets maybe might people statement stay
I'm happy that things are going up in the markets but when things get too bullish and too, I don't know if they're exuberant, but too optimistic, someone will find something between the lines on the Fed statement saying, 'but they said this, they cautioned here', maybe to have to be vigilant, so people might use that as an excuse to stay profits.
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.
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.