Charles Payne Quotes on People (8 Quotes)

After this week, this is to be expected, especially on a Friday a lot of people want to book profits ahead of the weekend.

I think there's a lack of conviction. I think a lot of people view the market as a crap shoot -- if you're worried about losing your job, you're not going to be playing the market.

I'm a little bit impressed because it seems like every time we start to drift buyers are being wooed out of the woodwork a bit. It shows that people are lining up and they want to jump in there but they need the right stimulus.

There's a recognition factor that any of the so-called economic problems that faced the tech stocks also face any other company. Uncertainty is ruling the market and most of the people who have been on the sidelines are still on the sidelines.

All the focus is on the blue chips but there's renewed optimism. People are using these opportunities to buy these stocks on weakness, and what investors are starting to learn is it's a selective process. You want to participate but you want to be cautious.

What you have in this type of environment is that when rallies fail or even stall, people say it's just time to dump.

We knew it was coming but there were some rumors of a possible 50 basis point cut (a half a percentage point) and every time that happens it sets us up for disappointments. The reality is a very large majority of people don't know how to react to this so they're taking their cue from the market. It's really indecision.

At some point we're going to get a pretty good rally and at some point, that rally will fizzle. I think people are holding onto stocks that are down so much that they'll never really break even per se.