126 Quotes by Donald Selkin

The fact that the Dow crossed 11,000 this week and held it is important for sentiment.

We're trying to go the distance for a change, but we're basically hostage to these geopolitical events. We're not going to sustain anything consistently on the upside until we get a resolution to this thing.

There are a lot of positives -- Intel said some good things; Greenspan is saying that oil prices are a wild card, which we knew already, but that inflation is under control. But we're mixed, bouncing around today (Wednesday). You've got big names coming out in the next day and you need some of these giants to say tech is improving.

We saw a 2 or 3 percent pullback in early November and it has come back since then. What could take us higher in December is a good pre-announcement season.

This shows that investors are ready to take on more of a tolerance for risk.

With earnings winding down and not as much to focus on, you're getting very volatile reactions to economic numbers that are actually pretty close to estimates. You're also seeing some of the defensive names that are dependent on an economic recovery trading lower.

We've had moon shots over the last few days, so this is natural. The market is digesting a lot of the gains it has made. The important thing is there is an asset allocation shift that has followed through from yesterday, with people getting out of bonds and into stocks.

We've gone up nine days in a row. I think we're probably in for a brief pullback next week, probably in response to the Fed statement.

This thing with the oil is nutty. Even the president of OPEC says prices should be $10 to $15 lower than they are. It has very little relation to the supply and demand statistics.