Donald Selkin Mark Quotations

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.

The market will be very volatile and uncertain. The moves are random and there's no consistency in the markets.

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.

The market looks ahead, and maybe investors are worried that between the higher interest rate picture and the decelerating profit growth, the market may have a tough time advancing.

The market seems like it wants to go higher. People are looking beyond the valley.

The market's at the top of a range here. The earnings reporting period basically ended with Dell and now the market is waiting for a new catalyst.

The market really can't advance that strongly as long as the Fed is raising rates.

The market hasn't collapsed or anything, but we've been going sideways for awhile.

The market has a lot of headwinds it's up against, yet it's still hanging in there.

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.

I think the best we could hope for now is the market kind of fits in and starts to try to build a good base here, go up a little, pull back. And then hopefully as we get closer to the end of the second quarter, the earnings prospects, if they are better, should provide us a base to perhaps do a little better later in the year.

The big hurdles next week are the Fed meeting Tuesday and the jobs report Friday. The market reaction to those events may set the tone for the month and determine whether we'll see a November rally.

I hate to say it, but maybe there's a bet that if Kerry wins, (former Secretary of the Treasury) Robert Rubin will take over as Fed chairman, and the market would like that.

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.

I'm happy that things are going up in the markets but when things get too bullish and too, I don't know if they're exuberant, but too optimistic, someone will find something between the lines on the Fed statement saying, 'but they said this, they cautioned here', maybe to have to be vigilant, so people might use that as an excuse to stay profits.

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.

I just think we can't seem to get out of that range we're in. We're in a seasonally difficult time of the year. All the good news is in the market ... it needs a new catalyst.

The oil issue is continuing. It has a huge effect on market sentiment and on consumer spending.

Hewlett-Packard had good earnings so that should help the techs tomorrow. The other companies reporting tomorrow aren't usually market movers. Greenspan also speaks to Congress, which people will be looking at, but I don't think he'll say anything too surprising. So the hope is that HP earnings will take center stage.

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

Individual stocks can go up, but the market is too overbought internally and there is too much complacency for a rally.

The market is in one of these funks where it puts a negative spin on everything. I don't see what's going to pull us out of this in the short term.

The market is adjusting to the fact that corporate profits may not be as high as was previously thought and that the economic recovery may move at a slower pace than it did in the first quarter.

Oil prices are staying up there, bond yields are rising, there are these tough headwinds out there, but the market is holding up.

If it comes in too weak, you get worries about the economy. If you get a blowout number, everyone will get obsessed about interest rates again, the bond market will go into a tizzy, and stocks will slide.

If we show a build on the slight improvement in the labor market we've seen, if the economy continues to grow, there will be a decent November.

I think it's interesting that on a day when crude oil closes over $50 a barrel for the first time, the market is flying.

I think the markets will overlook the weak economic reports. Everyone knows numbers in February and March were terrible due to the snow storms and oil prices.

It was a very disappointing session. You would think after all these down days we would get a bounce, but when the market gets in a funk, it puts a negative interpretation on everything and finds any reason to sell off.

Friday's Dow movement shows that the market is in an uptrend. That's encouraging. The market is trying to anticipate a recovery before the economy.

Some late talk was circulating that they would move their bias. We also saw the market rallying strongly into the decision and we sold off on the disappointment. I believe we're more on the way to a soft landing.

This is the worst thing you want to see before major events. A huge rally that was really not based on anything substantial, ahead of two major events, is the market setting itself up for disappointment.

I don't see that there's any motivation to move higher. The concerns about interest rates, oil prices and Iraq aren't going away. I think we're going to stay in a volatile range. The best we can hope for is the market to move sideways for a while.

It's two things. The old cliche is that the market hates uncertainty. So this removes the uncertainty.