Charles Payne
Charles Payne
buy confident investors seem willing
Investors seem a little more confident now and are willing to buy on the dips.
below help huge immediate spur terms
In terms of just numbers, the Dow at 10,000 would spur a huge outcry for immediate help for the Fed. Same for the Nasdaq below 2,000.
action believe conclusion election fed hope hoping interest market move neutral people prelude renewed series stance worst
If you really look at the action itself, most people in the market believe the worst is over, at least on a short-term basis. There's renewed hope that the presidential election is going to come to a conclusion and everyone is hoping the Fed is going to move to a neutral stance as a prelude to a series of decreasing the interest rates.
buying encouraged fact happened months news past respond several
I'm encouraged by the fact that there's some buying on the dips. I think what's happened over the past several months is we don't know how to respond to news because we really don't know what we want from news.
ahead bail belief buyers given good gotten higher investors market quarter stocks though trade wants
Stocks rallied pretty good and they rallied, in part, on the belief that this quarter would bail us out -- and we know that's not the case, ... But this market still wants to trade higher -- even though investors have gotten ahead of themselves, they're still buyers if given the right catalyst.
analyst arrogant bandwagon coffin determined drive last nail seems single street
It seems like every single analyst on the Street is on the 'old economy' bandwagon and determined to drive the last nail in the coffin of highflying techs and arrogant investors.
economic faced factor market people problems ruling sidelines stocks tech
There's a recognition factor that any of the so-called economic problems that faced the tech stocks also face any other company. Uncertainty is ruling the market and most of the people who have been on the sidelines are still on the sidelines.
certainly
It will certainly loom as the largest, most influential stat we'll get.
basis built buy conviction damage investors percentage points willing
The damage is already done. Investors are willing to go in and buy on the weakness. There is enough conviction that 25 basis points (one-quarter percentage point) is already built in.
beat confidence consumer data hopeful housing income lots market needs numbers personal pressure sentiment
The consumer confidence and housing data were hopeful but not enough to reinvigorate a market that needs a break. We need numbers to beat estimates. Also, today's data put lots of pressure on tomorrow's (Wednesday's) personal income and (University of Michigan) consumer sentiment numbers to show improvement.
head heading next seen steam week
I think were heading into next week with a head of steam we haven't seen for some time.
additional bad both corporate earnings figure good hard means rate rather rebound sooner space street wants whether
It's hard to figure out whether the Street wants bad news, which means additional rate cuts, or whether the Street wants good news, which means corporate earnings will rebound sooner rather than later. We're in a really interesting space between both of those.
believe catalyst economic looking market money sideline toughest trade wants
Fridays have been the toughest day for stocks, ... We've been looking for a catalyst for the market in economic data. I believe this is a market that wants to trade higher. There's a lot of money on sideline that wants to commit. All they need is one sign.
buy call contract deliver great guessing price stock
if someone were to call the stock from you, you wouldn't have to go out and buy it -- you could just deliver the stock. The great thing is it's a contract so you know what the price is going to be and there's not a lot of guessing there.