45 Quotes by Charles Payne
- Author Charles Payne
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With the ECI and GDP releases this week, we cannot ignore the fact that the FOMC meeting is right around the corner,
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We still have a non-inflationary environment. I think this is more of an oversold bounce (for the Nasdaq). We'll see what kind of leg it has.
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This really looks like the calm before the storm. The bias is still somewhat positive, you can see that with the Dow, but there's a lot of data to get through in the next few days.
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To me, if we get the right signal on Friday, we'll see some of that buying go into fallen angels.
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We've been telling subscribers to buy stocks, but this is just for one- or two-day trades. You can always buy but you have to get off the corner and get somewhere where you can at least keep an eye on these plays.
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To me it seems like the Street was treating the market like a casino game ? when those employment numbers came out, we got two cherries and one lemon.
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The stocks that had sprinted the hardest, were the ones that took a breather, ... We've had some pretty frothy days recently.
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Techs took the brunt of the selling yesterday, so that may be why they're performing a little better today, ... There is also a sort of sincere belief that next year, and even in the next six months, tech and telecom will perform better, so that may be reflected in the buying, as well.
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Rosa Parks didn't just happen to stumble into a great historical moment. In fact, she had a long history as an activist. This was all unusual stuff for black folks in the South at the time.
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