Charles Payne
Charles Payne
Charles Payne quotes about
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.
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.
agree market obviously overdone point
Obviously we're getting to the point where everyone would have to agree that, on a short-term basis, the market is overdone on the downside.
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.
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.
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.
belief brunt next performing reflected selling sincere six sort tech took
Techs took the brunt of the selling yesterday, so that may be why they're performing a little better today, ... There is also a sort of sincere belief that next year, and even in the next six months, tech and telecom will perform better, so that may be reflected in the buying, as well.
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.
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.
acting buying tells
The way the market's acting tells me there's a lot of pent-up buying out there.
days stocks took
The stocks that had sprinted the hardest, were the ones that took a breather, ... We've had some pretty frothy days recently.
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.
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.