Charles Payne
Charles Payne
good low news nice
With the low volume, if we have some good news on Friday, we could get a nice jump,
convinced good investors leadership question second themselves
No one is panicking and that is the good news. There's no leadership out there and there are a lot of question marks. Investors have convinced themselves of a better second half, but it's not assured.
ahead almost expect general good hesitation investors market profits pull time worst
This has been a good time for investors to take profits and there's some hesitation ahead of tomorrow's (Friday's) report. There is a general sense that if we're not at the worst, we're almost at the worst -- but you have to expect the market to pull back occasionally.
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.
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.
five jumping last problems
I think that one of the problems that lingers with us from the last five years, with every one jumping into the market, is that we need instantaneous results.
above stays wave worse
I think it could have been a lot worse (at the open). But I think it's important that the Dow stays above 9,600 or we could see another wave of selling.
among certainly investors past paying people seeing sins
I think investors may be seeing some of the things they want to see. Certainly people paying for the sins of the past are among those things.
built negativity next quarter today
Most of the negativity is built into these stocks. Today (Thursday) may be a proxy for how we're going to look for the next quarter -- more indecisiveness but not as much negativity.
bias calm data few looks next somewhat
This really looks like the calm before the storm. The bias is still somewhat positive, you can see that with the Dow, but there's a lot of data to get through in the next few days.
ability certainly guidance handle shows visibility
Visibility is important, even if the visibility is poor, because it shows you have a handle on the business. The ability to give guidance is certainly something of a comfort.
cannot fact ignore meeting releases
With the ECI and GDP releases this week, we cannot ignore the fact that the FOMC meeting is right around the corner,
bounce leg
We still have a non-inflationary environment. I think this is more of an oversold bounce (for the Nasdaq). We'll see what kind of leg it has.
days holding instead last market negatives number reasons rose seeing texas today worse
We're seeing some selling, but today is interesting in that it's reminiscent of a number of days last week, where there are a lot of reasons for the market to be down much worse than it is -- the Dow rose yesterday, you have Texas Instruments and other negatives -- but instead it's actually holding in there better than we would have expected.