139 ordspråk av Donald Selkin
Donald Selkin
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Next week is the big one for earnings. You've got Microsoft, Intel, all the banks.
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The stocks that are benefiting most from better earnings are the small and mid-cap ones.
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I just think we can't seem to get out of that range we're in. We're in a seasonally difficult time of the year. All the good news is in the market ... it needs a new catalyst.
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We did OK for the first half of the month and then faded out -- a lot of the economic data in the last few weeks have been a little discouraging. It's kind of a sour way to end a good quarter but not too bad for the month.
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The market could tread water until Friday.
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There's optimism about earnings, the fundamentals continue to look good and hiring seems to be picking up. The geopolitical situation is the only thing I can see that could be a real negative. Depending on what happens in Iraq, Bush's credibility could be in question.
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It's been a really volatile week. I think the bottoms that we made this week will hold, but that's small consolation.
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I don't see that there's any motivation to move higher. The concerns about interest rates, oil prices and Iraq aren't going away. I think we're going to stay in a volatile range. The best we can hope for is the market to move sideways for a while.
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The fact that we are grinding higher shows that people are getting more confident.
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Where's the motivation to drive stocks higher?. I thought that we could have done better, but there was no real motivation to move things higher or lower.
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This is the worst thing you want to see before major events. A huge rally that was really not based on anything substantial, ahead of two major events, is the market setting itself up for disappointment.
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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.
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I would say in the next few weeks we can kind of grind in place, maybe a little to the upside. Maybe we'll get through the pre-announcement period without too much trouble, and then we'll get into third-quarter earnings in October, and they should be mostly in line.
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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.
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I hate to say it, but maybe there's a bet that if Kerry wins, (former Secretary of the Treasury) Robert Rubin will take over as Fed chairman, and the market would like that.
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