Richard Cripps
Richard Cripps
action bullish change continue great terms underlying
There is an underlying bullish tone. We continue to see the action on the downside, in terms of force, to be not as great as what it's been on the upside. (The reports) didn't really change anything.
broader buyer conviction correction dynamic investors lack rise view
There is a lack of buyer conviction. The whole dynamic of the Nasdaq rise and correction is, in a broader sense, an inflection point. But investors just view it as weakness.
current earning earnings good growth next stock
Good earning growth. Next year, their earnings will be about $1.90 (per share). That's just 10 times this year's current stock price.
bottom draws half kick market range trading
You get a kick in the market that draws in the buyers. I think we're in a trading range and are getting into the bottom half of that trading range.
concept difficult drives markets tradition
Tradition drives these international markets very, very hard. The concept is interesting, but inevitably, they will find it as difficult, if not more difficult than Europe.
either faster grow stock
Either the fundamentals have to grow much faster or the stock has got to come down.
almost companies cut four half october three year
Between October and March, the Nasdaq has almost doubled in price. Even these companies that have been cut in half are still three or four times more than they were a year ago.
drop limits people pressure puts stocks
People want to own these (technology) stocks. And that's what limits any significant drop on these stocks and it's what puts pressure on the remainder of the market.
display great putting
Putting it in context, it wasn't a great display of bullishness one would assume.
ahead earnings fourth short term until visibility
Probably in the short term we're a little ahead of ourselves. We don't have any earnings visibility and we won't until the fourth quarter.
balance corporate percent sheets strongest yield
And while you are waiting, you get a 3 percent yield and one of the strongest balance sheets in corporate America.
portfolio rest simply
The Nasdaq is simply crowding out the rest of the market. If you are a portfolio manager, you have to own some of these (technology) names.
bounce came driven momentum rushing sharp
The Nasdaq is increasingly driven by a lot of day-to-day momentum players. Technically, (the Nasdaq) was oversold and they came rushing in. I think it's more of a bounce from yesterday's sharp sell-off.
bear nature steps
This is the nature of bear markets. There are usually two steps forward, one step back.