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.
More Quotes from Charles Payne:
We had some real good numbers this morning.Charles Payne
(Rite Aid has) new management. They've made some mistakes in the past both in terms of communication- or accounting-type problems that derailed the stock. Also, fundamentally they over-expanded, ... But I think those are primarily behind them.
Charles Payne
It's amazing. It just seems that Bush and the administration did not really get the message. We know that Republicans are the get-tough party, and they're going to ask for longer prison terms, but he hasn't addressed the problems of the accounting issues game itself.
Charles Payne
They (the bulls) didn't get enough evidence this week to turn the jury.
Charles Payne
I hope some of them reporting results will say at least things are getting better.
Charles Payne
If you can't handle volatility or the near-term gyrations, it may be early for a really conservative investor, but those who can handle a little bit of roughness can do extremely well.
Charles Payne
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