Quotations
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Donald Selkin Quotes
«I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.»
Author: Donald Selkin
«The market really can't advance that strongly as long as the Fed is raising rates.»
Author: Donald Selkin
«Until we get a sense of when it's going to stop, that's really going to restrain [stocks]. The market, to me, looks like two steps forward and one step back.»
Author: Donald Selkin
«The chances of the Nasdaq ever getting back there are very remote. It would have to double itself, which would be like the Dow hitting 20,000, which is not going to happen.»
Author: Donald Selkin
«Oil prices are staying up there, bond yields are rising, there are these tough headwinds out there, but the market is holding up.»
Author: Donald Selkin
«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.»
Author: Donald Selkin
«We have a lot of factors at play here. It's an accumulation of all the negative economic news this week, capped off by the jobless data this morning, bond yields declining so sharply, and the weak forecasts out of companies. But what really accelerated the selling was the note out of Goldman Sachs about the Fed.»
Author: Donald Selkin
«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.»
Author: Donald Selkin
«You can build a case for an economic recovery, and you can build a case for earnings being much better in the second half of the year.»
Author: 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.»
Author: Donald Selkin