126 Quotes by Donald Selkin
- Author Donald Selkin
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Even though the averages themselves are doing nothing, there are some special situations going on here. There's a lot of action away from the averages.
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- Author Donald Selkin
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Between Texas Instruments, the rise in oil prices, and commodities, we got hit today. But the decline wasn't terrible. Last week we had nice gains, and today, we're kind of consolidating.
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- Author Donald Selkin
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Blair is trying to put people's perspective in the right place. Maybe they expected too much in the first week. He's saying that we are making progress and we are going to try and work with the U.N., and that reassures people.
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Didn't look like we were going to do much in the beginning because the jobs number came in lower-than-expected and the Michigan number also came in lower.
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Cyclical stocks should really not do well if the economy is going to slow, and you can see, look at the cyclical components of the Dow, a stock like International Paper, Du Pont, all at multi-year lows. I really don't see much there, I would avoid them.
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- Author Donald Selkin
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There's nothing much next week in terms of earnings, and not really hugely influential economic news, but the bias is still pretty positive, and I think we're likely to grind higher.
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- Author Donald Selkin
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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.
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Things are still very volatile and there's been an aversion to technology all day.
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The wording of the statement will be important, and then you've also got Cisco and Dell reporting next week.
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