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,
More Quotes from Charles Payne:
With the low volume, if we have some good news on Friday, we could get a nice jump,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
On down days it's been light, and on up days it's been huge, so that's a sign that investors want to buy this market.
Charles Payne
The consumer confidence and housing data were hopeful but not enough to reinvigorate a market that needs a break, ... We need numbers to beat estimates. Also, today's data put lots of pressure on tomorrow's (Wednesday's) personal income and (University of Michigan) consumer sentiment numbers to show improvement.
Charles Payne
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.
Charles Payne
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.
Charles Payne
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Based on Topics: Committees QuotesBased on Keywords: construe, exiting, no-confidence, unilever, well-run
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