From a trading desk standpoint, you'd rather be long (own stocks) here than short, and that starts to build its own dynamic and attract its own level of interest. The market is oversold and selling pressure is easing.
More Quotes from Richard Cripps:
Between October and March, the Nasdaq has almost doubled in price. Even these companies that have been cut in half are still three or four times more than they were a year ago.Richard Cripps
We've set up a situation where a 25 basis point (a quarter percentage point) cut is good but you're looking at a market that's desperate.
Richard Cripps
We're facing the realization that rising (interest) rates and rising stock prices are incompatible. The higher rates are really starting to make themselves felt.
Richard Cripps
And while you are waiting, you get a 3 percent yield and one of the strongest balance sheets in corporate America.
Richard Cripps
Readers Who Like This Quotation Also Like:
Based on Topics: Trading QuotesA good fighter usually knows, to within a very few seconds, when a three-minute round is going to end.
Jack Dempsey
This paper was one of my digressions into abstract economics.
William Vickrey
I dress up a certain way because I respect the music.
Wynton Marsalis