Richard Cripps
Richard Cripps
basis cut good looking market percentage point quarter situation
We've set up a situation where a 25 basis point (a quarter percentage point) cut is good but you're looking at a market that's desperate.
buyers certainty keeps lack prefer
What this does is it keeps buyers away. It's a lack of buyers. And they would prefer some certainty.
facing higher interest prices rates rising starting stock themselves
We're facing the realization that rising (interest) rates and rising stock prices are incompatible. The higher rates are really starting to make themselves felt.
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Whenever the market is as oversold as it is right now, it's typically been a good idea to do some buying. The question is what to buy and the lack of a 'go to' area is keeping investors on the sidelines.
concern last noticeable pickup seen
We've seen a noticeable pickup in concern over the last two months.
reality setting
The reality is setting in on the AOL/Time Warner deal.
broader correction equity focused market point reflecting seen segments shifting
I think that the correction that we've seen in the market averages, in the Nasdaq, is probably reflecting an inflection point for the equity market that's going to be not as focused on technology. It's going to be shifting more into the broader segments of the equity market.
almost bullish fed good interest investor last rates shot time using year
I think if you are bullish here, you go back and look to the last time the Fed eased up on interest rates which was 1995, which, of course, was a good year for investors. The S&P shot up almost 35 percent. So using that as a guide, some investor think that is what we're going to see.
brave buying opposed trying
I would let this play out as opposed to trying to be brave and buying here.
beyond earnings economy economy-and-economics financial interest markets
The big fundamental for financial markets is the economy and earnings beyond interest rates.
concept difficult drives markets tradition
Tradition drives these international markets very, very hard. The concept is interesting, but inevitably, they will find it as difficult, if not more difficult than Europe.
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And while you are waiting, you get a 3 percent yield and one of the strongest balance sheets in corporate America.
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Either the fundamentals have to grow much faster or the stock has got to come down.
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Between October and March, the Nasdaq has almost doubled in price. Even these companies that have been cut in half are still three or four times more than they were a year ago.