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.
More Quotes from Donald Selkin:
The reports after the bell looked pretty good, including Texas Instruments, and that should probably help the techs tomorrow.Donald Selkin
I guess after all this selling you could see an oversold bounce next week, and some up days here and there in early February. What's concerning is that there doesn't seem to be anything to lift us on a more consistent basis.
Donald Selkin
Earnings are not so great and we've got all these things we can't control, from military action in Afghanistan to the anthrax scare, so people are doing a little selling.
Donald Selkin
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.
Donald Selkin
Didn't look like we were going to do much in the beginning because the jobs number came in lower-than-expected and the Michigan number also came in lower.
Donald Selkin
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.
Donald Selkin
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