The market's at the mercy of sentiment, which is very bad. It's not panic selling, but there's a lack of buyers right now. There's a lot of money on the sidelines.
More Quotes from Charles Payne:
I think it's a little too late to really tout short selling. These aren't strategies you can employ and not be able to watch the market.Charles Payne
Most of the negativity is built into these stocks. Today (Thursday) may be a proxy for how we're going to look for the next quarter -- more indecisiveness but not as much negativity.
Charles Payne
A safe Independence Day would be a good psychological boost, but we need some fundamental news as well,
Charles Payne
With the low volume, if we have some good news on Friday, we could get a nice jump,
Charles Payne
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.
Charles Payne
The Dow showed some resolve. I think it had to do with a key report on employment that indicates the jobs picture may be firming up.
Charles Payne
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