Charles Payne
Charles Payne
convinced good investors leadership question second themselves
No one is panicking and that is the good news. There's no leadership out there and there are a lot of question marks. Investors have convinced themselves of a better second half, but it's not assured.
ahead bail belief buyers given good gotten higher investors market quarter stocks though trade wants
Stocks rallied pretty good and they rallied, in part, on the belief that this quarter would bail us out -- and we know that's not the case, ... But this market still wants to trade higher -- even though investors have gotten ahead of themselves, they're still buyers if given the right catalyst.
additional bad both corporate earnings figure good hard means rate rather rebound sooner space street wants whether
It's hard to figure out whether the Street wants bad news, which means additional rate cuts, or whether the Street wants good news, which means corporate earnings will rebound sooner rather than later. We're in a really interesting space between both of those.
good low news nice
With the low volume, if we have some good news on Friday, we could get a nice jump,
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.
buy corner eye somewhere telling
We've been telling subscribers to buy stocks, but this is just for one- or two-day trades. You can always buy but you have to get off the corner and get somewhere where you can at least keep an eye on these plays.
days stocks took
The stocks that had sprinted the hardest, were the ones that took a breather, ... We've had some pretty frothy days recently.
belief brunt next performing reflected selling sincere six sort tech took
Techs took the brunt of the selling yesterday, so that may be why they're performing a little better today, ... There is also a sort of sincere belief that next year, and even in the next six months, tech and telecom will perform better, so that may be reflected in the buying, as well.
black folks great happen historical history parks rosa south stuff stumble unusual
Rosa Parks didn't just happen to stumble into a great historical moment. In fact, she had a long history as an activist. This was all unusual stuff for black folks in the South at the time.
came casino cherries employment game market numbers seems street treating
To me it seems like the Street was treating the market like a casino game ? when those employment numbers came out, we got two cherries and one lemon.
began investors pulling surprised though volume
I wasn't surprised investors began pulling back at the close. Even though the run-up was huge, there wasn't a lot of volume there.
built negativity next quarter today
Most of the negativity is built into these stocks. Today (Thursday) may be a proxy for how we're going to look for the next quarter -- more indecisiveness but not as much negativity.
ability certainly guidance handle shows visibility
Visibility is important, even if the visibility is poor, because it shows you have a handle on the business. The ability to give guidance is certainly something of a comfort.
cannot fact ignore meeting releases
With the ECI and GDP releases this week, we cannot ignore the fact that the FOMC meeting is right around the corner,