Charles Payne
Charles Payne
bounce leg
We still have a non-inflationary environment. I think this is more of an oversold bounce (for the Nasdaq). We'll see what kind of leg it has.
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,
believe catalyst economic looking market money sideline toughest trade wants
Fridays have been the toughest day for stocks, ... We've been looking for a catalyst for the market in economic data. I believe this is a market that wants to trade higher. There's a lot of money on sideline that wants to commit. All they need is one sign.
anyone grow managers near route smart stocks surprised vote weakness
I would be surprised if some smart managers don't go near some of the exiting stocks, particularly on weakness in stocks like Unilever -- well-run and has been able to grow through acquisitions. But I don't think anyone can construe this as a no-confidence vote on these stocks that are cut, but just as a different route by the S&P committee.
agree market obviously overdone point
Obviously we're getting to the point where everyone would have to agree that, on a short-term basis, the market is overdone on the downside.
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.