I think (the market) needs the ECI price deflator numbers coming in at acceptable levels, meaning that they don't raise the fear of inflation, it needs the Fed not raising interest rates in August and as we move toward the fall, continuing signs that the economy is moderating and that inflation is low.
More Quotes from Richard Cripps:
The question today is more opportunistic. The question is exactly where can I be a buyer of America Online ( AOL ) or some of these other stocks that have been weakenedRichard Cripps
People want to own these (technology) stocks. And that's what limits any significant drop on these stocks and it's what puts pressure on the remainder of the market.
Richard Cripps
Good earning growth. Next year, their earnings will be about 1.90 (per share). That's just 10 times this year's current stock price.
Richard Cripps
The markets are getting oversold and typically you're at levels where markets that are this oversold can have pretty good rallies. I think investors are cognizant of the fact that things are weak, but they also don't want to miss an incredible rally if one occurs.
Richard Cripps
I'm of the view that the Nasdaq really goes into a consolidation, and historically, for technology, it really performs fairly poorly in the April-to-June time frame. So my view is that Nasdaq, on the whole, pretty much always goes into a consolidation pattern, not much upside from the current level.
Richard Cripps
We have good optimism out there and that's always the time to think about what dark clouds are out there.
Richard Cripps
Readers Who Like This Quotation Also Like:
Based on Topics: Fear QuotesBased on Keywords: deflator, eci
The young man who has not wept is a savage, and the older man who will not laugh is a fool.
George Santayana
Love is an attempt to change a piece of a dream world into reality.
Theodor Reik
A lot of the greatest compositions were made famous by Sinatra.
Michael Bolton