Charles Payne Quotations

With the low volume, if we have some good news on Friday, we could get a nice jump,

We're seeing some selling, but today is interesting in that it's reminiscent of a number of days last week, where there are a lot of reasons for the market to be down much worse than it is -- the Dow rose yesterday, you have Texas Instruments and other negatives -- but instead it's actually holding in there better than we would have expected.

I think it's insane, absolutely insane for a person to have one of the highest and most important jobs in the entire world to be saying that he has to be at his children's soccer practice.

I don't like paying taxes, same as everybody else.

We knew it was coming but there were some rumors of a possible 50 basis point cut (a half a percentage point) and every time that happens it sets us up for disappointments. The reality is a very large majority of people don't know how to react to this so they're taking their cue from the market. It's really indecision.

Obviously we're getting to the point where everyone would have to agree that, on a short-term basis, the market is overdone on the downside.

No one is panicking and that is the good news. There's no leadership out there and there are a lot of question marks. Investors have convinced themselves of a better second half, but it's not assured.

I would be surprised if some smart managers don't go near some of the exiting stocks, particularly on weakness in stocks like Unilever -- well-run and has been able to grow through acquisitions. But I don't think anyone can construe this as a no-confidence vote on these stocks that are cut, but just as a different route by the S&P committee.

I'm a little bit impressed because it seems like every time we start to drift buyers are being wooed out of the woodwork a bit. It shows that people are lining up and they want to jump in there but they need the right stimulus.

Fridays have been the toughest day for stocks, ... We've been looking for a catalyst for the market in economic data. I believe this is a market that wants to trade higher. There's a lot of money on sideline that wants to commit. All they need is one sign.

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.

I think it could have been a lot worse (at the open). But I think it's important that the Dow stays above 9,600 or we could see another wave of selling.

I think investors may be seeing some of the things they want to see. Certainly people paying for the sins of the past are among those things.

I think that one of the problems that lingers with us from the last five years, with every one jumping into the market, is that we need instantaneous results.

I think were heading into next week with a head of steam we haven't seen for some time.

I wasn't surprised investors began pulling back at the close. Even though the run-up was huge, there wasn't a lot of volume there.

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.

Visibility is important, even if the visibility is poor, because it shows you have a handle on the business. The ability to give guidance is certainly something of a comfort.

With the ECI and GDP releases this week, we cannot ignore the fact that the FOMC meeting is right around the corner,

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.

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.

To me, if we get the right signal on Friday, we'll see some of that buying go into fallen angels.

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.

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.

The stocks that had sprinted the hardest, were the ones that took a breather, ... We've had some pretty frothy days recently.

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.

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.

The way the market's acting tells me there's a lot of pent-up buying out there.

This has been a good time for investors to take profits and there's some hesitation ahead of tomorrow's (Friday's) report. There is a general sense that if we're not at the worst, we're almost at the worst -- but you have to expect the market to pull back occasionally.

There's a benefit of the doubt that most of these companies have hit bottom and I think there's still an element of investor psychology to spread the wealth.

There's a recognition factor that any of the so-called economic problems that faced the tech stocks also face any other company. Uncertainty is ruling the market and most of the people who have been on the sidelines are still on the sidelines.

It seems like every single analyst on the Street is on the 'old economy' bandwagon and determined to drive the last nail in the coffin of highflying techs and arrogant investors.

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.

Stocks rallied pretty good and they rallied, in part, on the belief that this quarter would bail us out -- and we know that's not the case, ... But this market still wants to trade higher -- even though investors have gotten ahead of themselves, they're still buyers if given the right catalyst.

It will certainly loom as the largest, most influential stat we'll get.

I'm encouraged by the fact that there's some buying on the dips. I think what's happened over the past several months is we don't know how to respond to news because we really don't know what we want from news.

I like the resolve of the stock. I like the fact that it looks like all the negativity might be built into semiconductors, ... I would add the caveat that it's high risk, but this is a stock that can deliver pretty big returns.

Investors seem a little more confident now and are willing to buy on the dips.

In terms of just numbers, the Dow at 10,000 would spur a huge outcry for immediate help for the Fed. Same for the Nasdaq below 2,000.

If you really look at the action itself, most people in the market believe the worst is over, at least on a short-term basis. There's renewed hope that the presidential election is going to come to a conclusion and everyone is hoping the Fed is going to move to a neutral stance as a prelude to a series of decreasing the interest rates.

The majority of stocks down today had made mind-boggling moves. They gave a little bit back. We can nail it to profit taking.

The damage is already done. Investors are willing to go in and buy on the weakness. There is enough conviction that 25 basis points (one-quarter percentage point) is already built in.

The consumer confidence and housing data were hopeful but not enough to reinvigorate a market that needs a break. We need numbers to beat estimates. Also, today's data put lots of pressure on tomorrow's (Wednesday's) personal income and (University of Michigan) consumer sentiment numbers to show improvement.