Most of the negativity is built into these stocks. Today (Thursday) may be a proxy for how we're going to look for the next quarter -- more indecisiveness but not as much negativity.
More Quotes from Charles Payne:
It's amazing. It just seems that Bush and the administration did not really get the message. We know that Republicans are the get-tough party, and they're going to ask for longer prison terms, but he hasn't addressed the problems of the accounting issues game itself.Charles Payne
if someone were to call the stock from you, you wouldn't have to go out and buy it -- you could just deliver the stock. The great thing is it's a contract so you know what the price is going to be and there's not a lot of guessing there.
Charles Payne
I don't think anyone expects any fireworks from the Fed tomorrow but it's normal to have a pause before a Fed meeting.
Charles Payne
It's hard to figure out whether the Street wants bad news, which means additional rate cuts, or whether the Street wants good news, which means corporate earnings will rebound sooner rather than later. We're in a really interesting space between both of those.
Charles Payne
What he says really has a broad influence, ... We're into servers. We're into storage. We like to see some type of upbeat comments on macroeconomic situation. This way all stocks can participate if the comments are good enough.
Charles Payne
We have a changing of the guard in technology. All these cornerstone tech names can't conjure up the magic they once did and I think it's time people started looking for new bellwethers.
Charles Payne
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