Richard Cripps
Richard Cripps
ahead earnings fourth short term until visibility
Probably in the short term we're a little ahead of ourselves. We don't have any earnings visibility and we won't until the fourth quarter.
confidence decline earnings last level looking percent sharpest since year
We're looking at a 12 percent decline in earnings this year for the S&P 500, and that's the sharpest decline we've had since the last recession. The confidence level that one has in looking at those earnings is very low.
beyond earnings economy economy-and-economics financial interest markets
The big fundamental for financial markets is the economy and earnings beyond interest rates.
catalyst earnings economy economy-and-economics estimates high looking lost moving second
You've lost your earnings catalyst so we're moving away from the second quarter. With the economy moderating you're looking at earnings estimates that are too high and have to come down.
buying earnings fight final flowing money optimism point stocks tone turn
You're getting money flowing back into some of these big stocks and the tone is good. What's powering it is optimism that at some point and time, we're going to get this final turn in earnings -- it's buying with the thought that you don't fight the Fed.
current earning earnings good growth next stock
Good earning growth. Next year, their earnings will be about $1.90 (per share). That's just 10 times this year's current stock price.
clearly earnings issues
Clearly there's some issues over earnings this quarter.
change consistent earnings fairly key laid picture remains timeline
GE has laid out a fairly consistent earnings picture and the key will be to see if its timeline remains intact. Any change from that will be news.
beginning commentary companies earnings generally last looking month quarter talk third weeks
Analysts generally can talk to companies during the first two weeks of the last month of the quarter so what we'll be looking at is the beginning of the earnings pre-announcements or commentary for the third quarter.
balance corporate percent sheets strongest yield
And while you are waiting, you get a 3 percent yield and one of the strongest balance sheets in corporate America.
display great putting
Putting it in context, it wasn't a great display of bullishness one would assume.
either faster grow stock
Either the fundamentals have to grow much faster or the stock has got to come down.
almost companies cut four half october three year
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.
bottom draws half kick market range trading
You get a kick in the market that draws in the buyers. I think we're in a trading range and are getting into the bottom half of that trading range.