I think it could have been a lot worse (at the open). But I think it's important that the Dow stays above 9,600 or we could see another wave of selling.
More Quotes from Charles Payne:
Wall Street is saying it wants to see Republicans in control, and maybe it would make it easier for Bush to push through some of his policies, but I don't think there is anything from an historical perspective to suggest that stocks perform better when the Congress is Republican.Charles Payne
With the low volume, if we have some good news on Friday, we could get a nice jump,
Charles Payne
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.
Charles Payne
Now the focus is back on individual stocks, their merit and their fundamentals, ... That's where the confusion comes in. Everyone's hoping for a strong second half, but everyone knows the near term will be sloppy at best.
Charles Payne
Visibility is important, even if the visibility is poor, because it shows you have a handle on the business. The ability to give guidance is certainly something of a comfort.
Charles Payne
I would be surprised if some smart managers don't go near some of the exiting stocks, particularly on weakness in stocks like Unilever -- well-run and has been able to grow through acquisitions. But I don't think anyone can construe this as a no-confidence vote on these stocks that are cut, but just as a different route by the SP committee,
Charles Payne
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Based on Topics: Sales Quotes, Selling QuotesBut what I did think would be interesting is if we created a fictitious story of our own, and then took these stories that we had collected and assigned them to characters who would be played by actors.
Jim McKay
We often want one thing and pray for another, not telling the truth even to the gods.
Lucius Annaeus Seneca
Education is hanging around until you've caught on.
Robert Frost