It's hard to figure out whether the Street wants bad news, which means additional rate cuts, or whether the Street wants good news, which means corporate earnings will rebound sooner rather than later. We're in a really interesting space between both of those.
More Quotes from 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
All the focus is on the blue chips but there's renewed optimism. People are using these opportunities to buy these stocks on weakness, and what investors are starting to learn is it's a selective process. You want to participate but you want to be cautious.
Charles Payne
The damage is already done. Investors are willing to go in and buy on the weakness. There is enough conviction that 25 basis points (one-quarter percentage point) is already built in.
Charles Payne
I think it's a matter of the market running out of steam, and maybe everyone realizing we've come too far too fast. The stocks have moved ahead of the fundamentals.
Charles Payne
While I applaud the resiliency, you can still see via the volume that there is not widespread conviction,
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
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Cannibals prefer those who have no spines.
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