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Letter "D" » Donald Selkin Quotes
«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.»
«We're getting hit over the head in all directions.»
«They projected higher for the first quarter, but they came in a little light on revenue for this quarter. Maybe people are worrying that they can't continue growing at these levels.»
«The big hurdles next week are the Fed meeting Tuesday and the jobs report Friday. The market reaction to those events may set the tone for the month and determine whether we'll see a November rally.»
«The market hasn't collapsed or anything, but we've been going sideways for awhile.»
«The statement wasn't that negative, but it was a bit clumsily worded. They reminded people of the dangers.»
«The market has a lot of headwinds it's up against, yet it's still hanging in there.»
«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.»
«Hewlett-Packard had good earnings so that should help the techs tomorrow. The other companies reporting tomorrow aren't usually market movers. Greenspan also speaks to Congress, which people will be looking at, but I don't think he'll say anything too surprising. So the hope is that HP earnings will take center stage.»
«It's a lot of different factors. Auto sales were no surprise, but that's hurting the Dow, with GM falling, the dollar is down, you've got Warren Buffet making bearish comments, and then there's the usual malaise with Iraq.»