Charles Payne
Charles Payne
anyone grow managers near route smart stocks surprised vote weakness
I would be surprised if some smart managers don't go near some of the exiting stocks, particularly on weakness in stocks like Unilever -- well-run and has been able to grow through acquisitions. But I don't think anyone can construe this as a no-confidence vote on these stocks that are cut, but just as a different route by the S&P committee.
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.
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.
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.
bit gave majority nail profit stocks today
The majority of stocks down today had made mind-boggling moves. They gave a little bit back. We can nail it to profit taking.
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.
good low news nice
With the low volume, if we have some good news on Friday, we could get a nice jump,