People are frustrated. The pattern has been a couple of days of rallies on a little good news and then it fizzles out. There's no reason to make big commitments with all of this unresolved. The hope now is that we can dig in our heels at key support levels and find some balance.
More Quotes from Donald Selkin:
It's really impressive. It just keeps going, regardless of what the news is. If there is any pullback, it's going to be minor.Donald Selkin
I think the markets will overlook the weak economic reports. Everyone knows numbers in February and March were terrible due to the snow storms and oil prices.
Donald Selkin
Where's the motivation to drive stocks higher. I thought that we could have done better, but there was no real motivation to move things higher or lower.
Donald Selkin
All these earnings look pretty good. But after the huge stock run last year and the expectation of the good earnings, I think you're seeing a bit of that old 'sell the news' reaction.
Donald Selkin
The market could tread water until Friday.
Donald Selkin
This was a strange day, but overall it was OK. All other things being equal, we should open higher tomorrow.
Donald Selkin
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