Charles Payne
Charles Payne
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.
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.
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.
good low news nice
With the low volume, if we have some good news on Friday, we could get a nice jump,
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.
bit buyers drift impressed jump lining people seems shows start time
I'm a little bit impressed because it seems like every time we start to drift buyers are being wooed out of the woodwork a bit. It shows that people are lining up and they want to jump in there but they need the right stimulus.
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.
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.
buying fallen signal
To me, if we get the right signal on Friday, we'll see some of that buying go into fallen angels.