Donald Selkin Quotes on Sense & Perception (3 Quotes)

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.

Iraq's army is reportedly weaker than it was in 1991 during the Gulf war, and our military technology is reportedly a lot stronger. So there's a perception that if there is a war, it will be quick. Everyone's been hoping that once the war is over, corporations and consumers will pick up spending as well, so you have investors not wanting to be left out should that happen.

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.