The market could tread water until Friday.
More Quotes from 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
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.
Donald Selkin
I hate to say it, but maybe there's a bet that if Kerry wins, (former Secretary of the Treasury) Robert Rubin will take over as Fed chairman, and the market would like that.
Donald Selkin
There's optimism about earnings, the fundamentals continue to look good and hiring seems to be picking up. The geopolitical situation is the only thing I can see that could be a real negative. Depending on what happens in Iraq, Bush's credibility could be in question.
Donald Selkin
The market looks ahead, and maybe investors are worried that between the higher interest rate picture and the decelerating profit growth, the market may have a tough time advancing.
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
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