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Letter "D" » Donald Selkin Quotes
«I'm maybe more optimistic for the end of the year, but for the next few weeks, I think we are still in these treacherous waters. We're just going to have to grin and bear it, and then maybe we'll see a run up in November and December.»
«We're in good shape for now, but there's still going to be this anxiety, where people are looking over their shoulders, waiting to see what's coming next on the national level.»
«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.»
«For the year, the three major indexes aren't doing much, but considering the period we're in, the fact that the market has done all right is surprising.»
«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?»
«I guess after all this selling you could see an oversold bounce next week, and some up days here and there in early February. What's concerning is that there doesn't seem to be anything to lift us on a more consistent basis.»
«We need a spark, I just don't see what there is in next week's numbers that's going to do it.»
«Futures are down now because of the response to Microsoft and Amazon.com, but that could change in the morning, depending on what oil is doing then.»
«The IBM earnings were good, but is this enough to turn things around?. I guess the futures could rally overnight, but as it stands, we're headed toward a lower open.»
«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.»