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,
More Quotes from Charles Payne:
It would generate some income from an otherwise dead portfolio.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
Apache -- I think you want to have some sort of exposure to energy, particularly going into the second half of the year. We're not going to have a winter like last winter, at least I don't think we will. And then some of the others, again, more conservative, but yet I think have upside potential,
Charles Payne
Stocks rallied pretty good and they rallied, in part, on the belief that this quarter would bail us out -- and we know that's not the case, ... But this market still wants to trade higher -- even though investors have gotten ahead of themselves, they're still buyers if given the right catalyst.
Charles Payne
However, there's some concern as to what 25 basis points will really do, ... The time to look at the Fed's impact on stocks may not really be tomorrow, but rather Thursday. If we only get 25 points and then weekly jobless claims are really poor, you could see some selling.
Charles Payne
A safe Independence Day would be a good psychological boost, but we need some fundamental news as well,
Charles Payne
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