Richard Cripps
Richard Cripps
attract build desk dynamic level market pressure rather selling starts trading
From a trading desk standpoint, you'd rather be long (own stocks) here than short, and that starts to build its own dynamic and attract its own level of interest. The market is oversold and selling pressure is easing.
conviction impression pressure selling signs
There are no signs here that give you the impression that the selling pressure has bottomed. There's just not a lot of conviction out there.
drop limits people pressure puts stocks
People want to own these (technology) stocks. And that's what limits any significant drop on these stocks and it's what puts pressure on the remainder of the market.
america aol buyer exactly online question stocks today
The question today is more opportunistic. The question is exactly where can I be a buyer of America Online ( AOL ) or some of these other stocks that have been weakened?
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.
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.
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.
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.
clouds dark good optimism time
We have good optimism out there and that's always the time to think about what dark clouds are out there.
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.
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.
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.