Donald Selkin Week Quotations

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

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

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.

There's nothing much next week in terms of earnings, and not really hugely influential economic news, but the bias is still pretty positive, and I think we're likely to grind higher.

It's been a really volatile week. I think the bottoms that we made this week will hold, but that's small consolation.

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.