Richard Cripps
Richard Cripps
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.
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.
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.
current fairly goes performs poorly technology time upside view
I'm of the view that the Nasdaq really goes into a consolidation, and historically, for technology, it really performs fairly poorly in the April-to-June time frame. So my view is that Nasdaq, on the whole, pretty much always goes into a consolidation pattern, not much upside from the current level.
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.
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.
brave buying opposed trying
I would let this play out as opposed to trying to be brave and buying here.
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.
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.
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.