This is the worst thing you want to see before major events. A huge rally that was really not based on anything substantial, ahead of two major events, is the market setting itself up for disappointment.

Donald Selkin

Related Quotes

I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.

— Donald Selkin

BitConsolidateLevels

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

Next week is the big one for earnings. You've got Microsoft, Intel, all the banks.

— Donald Selkin

BanksBigEarnings

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

The good thing is that the trend remains positive.

— Donald Selkin