Donald Selkin Maybe Quotations

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.

Maybe Exxon will go up a little bit today because they beat the earnings; but remember, the stock has dropped 7 points in the last couple of weeks. So I would say this is really not a very dynamic investment. People like it and get a little dividend. You are really wasting your time with these stocks because you invest money in them and in two years, you have the same price as you had from the time you invested. So you really, in a sense, lose money by owning these stocks.

I would say in the next few weeks we can kind of grind in place, maybe a little to the upside. Maybe we'll get through the pre-announcement period without too much trouble, and then we'll get into third-quarter earnings in October, and they should be mostly in line.

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

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.

They projected higher for the first quarter, but they came in a little light on revenue for this quarter. Maybe people are worrying that they can't continue growing at these levels.

I'm not so sure that the rally was commensurate with the news out of the Fed. They seemed to say that they're going to keep rates low for a long time, which wasn't a surprise, but maybe people felt better seeing it spelled out more clearly.

I'm maybe more optimistic for the end of the year, but for the next few weeks, I think we are still in these treacherous waters. We're just going to have to grin and bear it, and then maybe we'll see a run up in November and December.

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.

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.