Richard Cripps
Richard Cripps
banks best calamity major
Any major calamity we've witnessed, the banks have been some of the best performers.
clouds dark good optimism time
We have good optimism out there and that's always the time to think about what dark clouds are out there.
america aol buyer exactly online question stocks today
The question today is more opportunistic. The question is exactly where can I be a buyer of America Online ( AOL ) or some of these other stocks that have been weakened?
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.
facing higher interest prices rates rising starting stock themselves
We're facing the realization that rising (interest) rates and rising stock prices are incompatible. The higher rates are really starting to make themselves felt.
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.
conviction impression pressure selling signs
There are no signs here that give you the impression that the selling pressure has bottomed. There's just not a lot of conviction out there.
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.
reality setting
The reality is setting in on the AOL/Time Warner deal.
fed high interest market oil overcame problem raising rates
This was a good, constructive quarter. The market overcame two problem areas: the Fed raising interest rates and high oil prices.
capital companies consumers economic highlights looking private rather relying sector transition
Wal-Mart highlights an economic transition from relying on consumers to relying on the private sector and capital spending. So, we're looking more at companies like Caterpillar rather than Wal-Mart.
confidence decline earnings last level looking percent sharpest since year
We're looking at a 12 percent decline in earnings this year for the S&P 500, and that's the sharpest decline we've had since the last recession. The confidence level that one has in looking at those earnings is very low.
area buy good investors keeping lack market question whenever
Whenever the market is as oversold as it is right now, it's typically been a good idea to do some buying. The question is what to buy and the lack of a 'go to' area is keeping investors on the sidelines.
concern last noticeable pickup seen
We've seen a noticeable pickup in concern over the last two months.