There's a lot of earnings for next week, but I don't see what's going to give us a lift. If the earnings have been good so far, and stocks have fallen anyway, what could the next wave of earnings do for us, even if they are positive
More Quotes from Donald Selkin:
We're projecting technology earnings are going to grow almost 40 percent this quarter and that's on top of a very, very strong 1999. Energy company earnings obviously will grow close to 80 percent, but that's on top of a weak '99. So there are companies that should have leadership. After all, if you look at the companies that issue profit warnings last week Maytag, McDonald's, I mean I don't think the future of growth of American economy is washing machines or cheeseburgers.Donald Selkin
The market has a lot of headwinds it's up against, yet it's still hanging in there.
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
Individual stocks can go up, but the market is too overbought internally and there is too much complacency for a rally.
Donald Selkin
Normally, lower rates would be seen as a positive for stocks, but in this case, it seems like the Fed is behind the curve and the Fed is supposed to be leading us out of this. For months people have been talking about the disconnect between the economy and stock prices. Now it's starting to seem like that disconnect is narrowing.
Donald Selkin
The perception is that maybe things are getting better. I mean, how much more can these guys take We've bombed the hell out of Iraq, and we have them surrounded.
Donald Selkin
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