You're getting money flowing back into some of these big stocks and the tone is good. What's powering it is optimism that at some point and time, we're going to get this final turn in earnings -- it's buying with the thought that you don't fight the Fed.
More Quotes from Richard Cripps:
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.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 weakened
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
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
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
I think if you are bullish here, you go back and look to the last time the Fed eased up on interest rates which was 1995, which, of course, was a good year for investors. The SP shot up almost 35 percent. So using that as a guide, some investor think that is what we're going to see.
Richard Cripps
Readers Who Like This Quotation Also Like:
Based on Topics: Mind Quotes, Thought & Thinking Quotes, Time QuotesBased on Keywords: powering
In nature there are neither rewards nor punishments; there are consequences.
Robert Green Ingersoll
I can always remember the dances, even from shows I did 40 years ago.
Gwen Verdon
Food safety involves everybody in the food chain.
Mike Johanns