Charles Payne
Charles Payne
acting buying tells
The way the market's acting tells me there's a lot of pent-up buying out there.
ahead almost expect general good hesitation investors market profits pull time worst
This has been a good time for investors to take profits and there's some hesitation ahead of tomorrow's (Friday's) report. There is a general sense that if we're not at the worst, we're almost at the worst -- but you have to expect the market to pull back occasionally.
five jumping last problems
I think that one of the problems that lingers with us from the last five years, with every one jumping into the market, is that we need instantaneous results.
above stays wave worse
I think it could have been a lot worse (at the open). But I think it's important that the Dow stays above 9,600 or we could see another wave of selling.
among certainly investors past paying people seeing sins
I think investors may be seeing some of the things they want to see. Certainly people paying for the sins of the past are among those things.
head heading next seen steam week
I think were heading into next week with a head of steam we haven't seen for some time.
buy call contract deliver great guessing price stock
if someone were to call the stock from you, you wouldn't have to go out and buy it -- you could just deliver the stock. The great thing is it's a contract so you know what the price is going to be and there's not a lot of guessing there.
buy confident investors seem willing
Investors seem a little more confident now and are willing to buy on the dips.
add built deliver fact high looks might negativity resolve stock
I like the resolve of the stock. I like the fact that it looks like all the negativity might be built into semiconductors, ... I would add the caveat that it's high risk, but this is a stock that can deliver pretty big returns.
buying encouraged fact happened months news past respond several
I'm encouraged by the fact that there's some buying on the dips. I think what's happened over the past several months is we don't know how to respond to news because we really don't know what we want from news.
below help huge immediate spur terms
In terms of just numbers, the Dow at 10,000 would spur a huge outcry for immediate help for the Fed. Same for the Nasdaq below 2,000.
action believe conclusion election fed hope hoping interest market move neutral people prelude renewed series stance worst
If you really look at the action itself, most people in the market believe the worst is over, at least on a short-term basis. There's renewed hope that the presidential election is going to come to a conclusion and everyone is hoping the Fed is going to move to a neutral stance as a prelude to a series of decreasing the interest rates.
basis built buy conviction damage investors percentage points willing
The damage is already done. Investors are willing to go in and buy on the weakness. There is enough conviction that 25 basis points (one-quarter percentage point) is already built in.
beat confidence consumer data hopeful housing income lots market needs numbers personal pressure sentiment
The consumer confidence and housing data were hopeful but not enough to reinvigorate a market that needs a break. We need numbers to beat estimates. Also, today's data put lots of pressure on tomorrow's (Wednesday's) personal income and (University of Michigan) consumer sentiment numbers to show improvement.