Donald Selkin
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Donald Selkin
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.
individual special stocks
It's a special situation. Individual stocks that are heavily weighted are doing well.
advance bush might possible stocks victory
Some of the stocks that rallied in advance of a possible Bush victory might be vulnerable.
individual market stocks
Individual stocks can go up, but the market is too overbought internally and there is too much complacency for a rally.
earnings economy-and-economics less rate shift stocks
The earnings have been tremendous. We are going to see a shift back to 'new economy' stocks because they are less rate sensitive.
earnings fallen good next stocks wave
There's a lot of earnings for next week, but I don't see what's going to give us a lift. If the earnings have been good so far, and stocks have fallen anyway, what could the next wave of earnings do for us, even if they are positive?
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.
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.