Richard Cripps
Richard Cripps
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.
either faster grow stock
Either the fundamentals have to grow much faster or the stock has got 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.
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?
close driven expectation fact happen moment near period react stocks technology
I think you are near (capitulation) at the moment and you are getting close to the bottom. Technology stocks are driven on the expectation and we're in a period now where expectations are being lowered. What you'll have happen is stocks will react to the fact that expectations are too low.
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.
area clearly confidence fed financial higher hikes key pattern performing rate stocks watch
The key area to watch is what financial stocks will do. They've been performing well and it's clearly a pattern of higher highs. If they take this (interest rate hike) well, my confidence that we're getting to the end of these Fed hikes will increase.
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.
area buy good investors keeping lack market question whenever
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.
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.
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.