Historically, we know that if they go down, they won't stay down very long. Remember America Online ( AOL Research , Estimates ), and how people bought every time they had trouble It's a classic buying opportunity.
More Quotes from Charles Payne:
The damage is already done. Investors are willing to go in and buy on the weakness. There is enough conviction that 25 basis points (one-quarter percentage point) is already built in.Charles Payne
The resiliency of this market is amazing. We're really seeing the individual investor coming back and buying on the dips.
Charles Payne
It's hard to figure out whether the Street wants bad news, which means additional rate cuts, or whether the Street wants good news, which means corporate earnings will rebound sooner rather than later. We're in a really interesting space between both of those.
Charles Payne
Historically, these types of declines haven't really been bad news for the market because they force the Fed to take action.
Charles Payne
I hope some of them reporting results will say at least things are getting better.
Charles Payne
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