Richard Cripps
Richard Cripps
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.
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.
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We've set up a situation where a 25 basis point (a quarter percentage point) cut is good but you're looking at a market that's desperate.
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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.
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We have good optimism out there and that's always the time to think about what dark clouds are out there.
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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.
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What this does is it keeps buyers away. It's a lack of buyers. And they would prefer some certainty.
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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.
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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.