Donald Selkin Shift Quotations

The earnings have been tremendous. We are going to see a shift back to 'new economy' stocks because they are less rate sensitive.

There seems to be a little bit of shifting into some of the beaten-down cyclical stocks. They are rallying off of oversold conditions.

We've had moon shots over the last few days, so this is natural. The market is digesting a lot of the gains it has made. The important thing is there is an asset allocation shift that has followed through from yesterday, with people getting out of bonds and into stocks.