Iraq's army is reportedly weaker than it was in 1991 [during the Gulf war], and our military technology is reportedly a lot stronger. So there's a perception that if there is a war, it will be quick. Everyone's been hoping that once the war is over, corporations and consumers will pick up spending as well, so you have investors not wanting to be left out should that happen. - Donald Selkin Quotes
Iraq's army is reportedly weaker than it was in 1991 [during the Gulf war], and our military technology is reportedly a lot stronger. So there's a perception that if there is a war, it will be quick. Everyone's been hoping that once the war is over, corporations and consumers will pick up spending as well, so you have investors not wanting to be left out should that happen. Donald Selkin
 Army

More - Donald Selkin Quotes

We did OK for the first half of the month and then faded out -- a lot of the economic data in the last few weeks have been a little discouraging. It's kind of a sour way to end a good quarter but not too bad for the month. - Donald Selkin Quotes

We did OK for the first half of the month and then faded out -- a lot of the economic data in the last few weeks have been a little discouraging. It's kind of a sour way to end a good quarter but not too bad for the month.

Donald Selkin

 
I think if they take out the language about inflation, as well as leave in the 'measured' (at future meetings), that will calm the market a bit. - Donald Selkin Quotes

I think if they take out the language about inflation, as well as leave in the 'measured' (at future meetings), that will calm the market a bit.

Donald Selkin

 Future
It's such a knee-jerk reaction. I don't think that what the Fed said justifies the kind of reaction we saw. I would like to think that we could rally back after the certification is completed tomorrow, but I don't know. I am just stunned by the extent of this decline. Hopefully, it was a one-time reaction. - Donald Selkin Quotes

It's such a knee-jerk reaction. I don't think that what the Fed said justifies the kind of reaction we saw. I would like to think that we could rally back after the certification is completed tomorrow, but I don't know. I am just stunned by the extent of this decline. Hopefully, it was a one-time reaction.

Donald Selkin

 
We made a good recovery off the April lows, but now we may need to move sideways and consolidate. Maybe then that will set us up for the typical November through January advance. - Donald Selkin Quotes

We made a good recovery off the April lows, but now we may need to move sideways and consolidate. Maybe then that will set us up for the typical November through January advance.

Donald Selkin

 
I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much. - Donald Selkin Quotes

I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.

Donald Selkin

 
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. - Donald Selkin Quotes

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.

Donald Selkin

 
There seems to be a little bit of shifting into some of the beaten-down cyclical stocks. They are rallying off of oversold conditions. - Donald Selkin Quotes

There seems to be a little bit of shifting into some of the beaten-down cyclical stocks. They are rallying off of oversold conditions.

Donald Selkin

 
Next week is the big one for earnings. You've got Microsoft, Intel, all the banks. - Donald Selkin Quotes

Next week is the big one for earnings. You've got Microsoft, Intel, all the banks.

Donald Selkin

 Banks
Markets are going to drift in this range ... until corporate profits and GDP (gross domestic product) start to improve. - Donald Selkin Quotes

Markets are going to drift in this range ... until corporate profits and GDP (gross domestic product) start to improve.

Donald Selkin

 
This is the classic 'buy the rumor, sell the news' reaction. The market is expecting the second-quarter earnings are going to meet or beat, so even though Yahoo! almost tripled its earnings, you're seeing some selling. - Donald Selkin Quotes

This is the classic 'buy the rumor, sell the news' reaction. The market is expecting the second-quarter earnings are going to meet or beat, so even though Yahoo! almost tripled its earnings, you're seeing some selling.

Donald Selkin

 News
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