I'm encouraged by the fact that there's some buying on the dips. I think what's happened over the past several months is we don't know how to respond to news because we really don't know what we want from news.
More Quotes from Charles Payne:
We're seeing some selling, but today is interesting in that it's reminiscent of a number of days last week, where there are a lot of reasons for the market to be down much worse than it is -- the Dow rose yesterday, you have Texas Instruments and other negatives -- but instead it's actually holding in there better than we would have expected,Charles Payne
I think it's a good sign that investors want to buy this market, but there still hasn't been any catalyst.
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
What he says really has a broad influence, ... We're into servers. We're into storage. We like to see some type of upbeat comments on macroeconomic situation. This way all stocks can participate if the comments are good enough.
Charles Payne
The markets will obviously tread water, but we could see some buying on weakness.
Charles Payne
It would generate some income from an otherwise dead portfolio.
Charles Payne
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