Richard Cripps
Richard Cripps
either faster grow stock
Either the fundamentals have to grow much faster or the stock has got to come down.
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?
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.
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.
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.
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.
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.
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.
brave buying opposed trying
I would let this play out as opposed to trying to be brave and buying here.