Fridays have been the toughest day for stocks, ... We've been looking for a catalyst for the market in economic data. I believe this is a market that wants to trade higher. There's a lot of money on sideline that wants to commit. All they need is one sign.
More Quotes from Charles Payne:
The idea that you can weather the storm by not being in tech may backfire.Charles Payne
This tells us that inflation is in check. Even though consumers are spending, it's not reflected in the price of goods.
Charles Payne
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.
Charles Payne
I think it's a little too late to really tout short selling. These aren't strategies you can employ and not be able to watch the market.
Charles Payne
No one is panicking and that is the good news. There's no leadership out there and there are a lot of question marks. Investors have convinced themselves of a better second half, but it's not assured.
Charles Payne
There is concern that the economy is not where it has to be to facilitate a rebound in corporate earnings. Yesterday (Tuesday), we had surprisingly weak data on manufacturing activity,
Charles Payne
Readers Who Like This Quotation Also Like:
Based on Topics: Economics Quotes, Money & Wealth Quotes, Sign & Symbol QuotesI'm an underdog person, so I align myself with those who seem to be not considered valuable in polite society.
Jessica Hagedorn
Art is permitted to survive only if it renounces the right to be different, and integrates itself into the omnipotent realm of the profane.
Theodor Adorno
Ingratitude is treason to mankind.
James Thomson