126 Quotes by Donald Selkin
- Author Donald Selkin
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The good thing is that the trend remains positive.
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- Author Donald Selkin
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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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The earnings have been tremendous. We are going to see a shift back to 'new economy' stocks because they are less rate sensitive.
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The earnings among technology companies this year will be up something like 30 percent. And remember, that's compared to a strong 1999.
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The closer we get to the end of the year, the more we get into that seasonally favorable time frame.
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The chances of the Nasdaq ever getting back there are very remote. It would have to double itself, which would be like the Dow hitting 20,000, which is not going to happen.
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All these earnings look pretty good. But after the huge stock run last year and the expectation of the good earnings, I think you're seeing a bit of that old 'sell the news' reaction.
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The market will be very volatile and uncertain. The moves are random and there's no consistency in the markets.
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The market may be overreacting to stock news that really isn't so terrible. For some reason, Home Depot's news is being seen as really negative.
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