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.
More Quotes from 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.Donald Selkin
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.
Donald Selkin
The market has a lot of headwinds it's up against, yet it's still hanging in there.
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
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.
Donald Selkin
The longer the war goes on, the longer confidence levels stay low and businesses and individuals don't spend.
Donald Selkin
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The curious are always in some danger. If you are curious you might never come home.
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Another night I dreamed I heard heavenly music sounding in my ears, and a flock of sheep was gathering round it. When the music ceased, the sheep leaped for joy, and ran together, shaking their heads; and one shook his head almost off, and seemed to have nothing but ears.
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