Donald Selkin
Donald Selkin
bouncing coming giants good greenspan inflation intel knew names next oil positives prices saying tech today wild
There are a lot of positives -- Intel said some good things; Greenspan is saying that oil prices are a wild card, which we knew already, but that inflation is under control. But we're mixed, bouncing around today (Wednesday). You've got big names coming out in the next day and you need some of these giants to say tech is improving.
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.
behind curve disconnect economy fed leading lower months people positive rates seems seen starting stock supposed talking
Normally, lower rates would be seen as a positive for stocks, but in this case, it seems like the Fed is behind the curve and the Fed is supposed to be leading us out of this. For months people have been talking about the disconnect between the economy and stock prices. Now it's starting to seem like that disconnect is narrowing.
bulk comments earnings economic fourth holiday positive quarter season stocks strong
By November, the bulk of the third-quarter earnings will be out there, and we know that they've been pretty good. But for stocks to go higher, we're going to need another catalyst. Expectations for a strong fourth quarter could do it, positive comments on the holiday season could do it, but really, I think it's going to be the economic news.
bit maybe next pull
I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.
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.
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.
corporate domestic drift markets profits range start until
Markets are going to drift in this range ... until corporate profits and GDP (gross domestic product) start to improve.