Richard Cripps
Richard Cripps
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.
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.
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.
catalyst earnings economy economy-and-economics estimates high looking lost moving second
You've lost your earnings catalyst so we're moving away from the second quarter. With the economy moderating you're looking at earnings estimates that are too high and have to come down.
buying earnings fight final flowing money optimism point stocks tone turn
You're getting money flowing back into some of these big stocks and the tone is good. What's powering it is optimism that at some point and time, we're going to get this final turn in earnings -- it's buying with the thought that you don't fight the Fed.
clearly earnings issues
Clearly there's some issues over earnings this quarter.
change consistent earnings fairly key laid picture remains timeline
GE has laid out a fairly consistent earnings picture and the key will be to see if its timeline remains intact. Any change from that will be news.
beyond earnings economy economy-and-economics financial interest markets
The big fundamental for financial markets is the economy and earnings beyond interest rates.
beginning commentary companies earnings generally last looking month quarter talk third weeks
Analysts generally can talk to companies during the first two weeks of the last month of the quarter so what we'll be looking at is the beginning of the earnings pre-announcements or commentary for the third quarter.
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.
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.