Richard Cripps
Richard Cripps
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.
driven microsoft
It's all driven by Microsoft at this point.
close driven expectation fact happen moment near period react stocks technology
I think you are near (capitulation) at the moment and you are getting close to the bottom. Technology stocks are driven on the expectation and we're in a period now where expectations are being lowered. What you'll have happen is stocks will react to the fact that expectations are too low.
broader correction equity focused market point reflecting seen segments shifting
I think that the correction that we've seen in the market averages, in the Nasdaq, is probably reflecting an inflection point for the equity market that's going to be not as focused on technology. It's going to be shifting more into the broader segments of the equity market.
almost bullish fed good interest investor last rates shot time using year
I think if you are bullish here, you go back and look to the last time the Fed eased up on interest rates which was 1995, which, of course, was a good year for investors. The S&P shot up almost 35 percent. So using that as a guide, some investor think that is what we're going to see.
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.
dressing market mind next people window
Keep in mind most people are now working into the next quarter. The window dressing that has been powering the market may be gone.
buyers fear left result
I think it's more a result of a fear of buyers being left behind.
brave buying opposed trying
I would let this play out as opposed to trying to be brave and buying here.
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.
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.
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?
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.
buyers certainty keeps lack prefer
What this does is it keeps buyers away. It's a lack of buyers. And they would prefer some certainty.