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.
More Quotes from Charles Payne:
if someone were to call the stock from you, you wouldn't have to go out and buy it -- you could just deliver the stock. The great thing is it's a contract so you know what the price is going to be and there's not a lot of guessing there.Charles Payne
There is concern that the economy is not where it has to be to facilitate a rebound in corporate earnings. Yesterday (Tuesday), we had surprisingly weak data on manufacturing activity,
Charles Payne
What you have in this type of environment is that when rallies fail or even stall, people say it's just time to dump.
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
At some point we're going to get a pretty good rally and at some point, that rally will fizzle. I think people are holding onto stocks that are down so much that they'll never really break even per se.
Charles Payne
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