I would let this play out as opposed to trying to be brave and buying here.
More Quotes from Richard 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
It's the analogy of the straw and the camel's back. We keep loading the camel's back with straw and higher energy prices and interest rates. It's probably going to be what's good for oil is going to be bad for the rest of the market.
Richard Cripps
GE has laid out a fairly consistent earnings picture and the key will be to see if its timeline remains intact. Any change from that will be news.
Richard Cripps
There are no signs here that give you the impression that the selling pressure has bottomed. There's just not a lot of conviction out there.
Richard Cripps
Tradition drives these international markets very, very hard. The concept is interesting, but inevitably, they will find it as difficult, if not more difficult than Europe.
Richard Cripps
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