Ned Riley
Ned Riley
certainty front level point quarter technology third turning waiting
I think they're waiting for Cisco, but they're also injecting their own level of certainty about the third quarter as being the turning point for the front end of technology stocks,
maybe room
For all we know, the surveys are not accurate, and maybe there is no room for contention.
awakening corrected emotional eventually excesses fortunes investor irrational last level market notion perception quick ran reach reality reinforce street sudden thinking total wall year
It was a year of awakening for the new investor on Wall Street and it was a very quick and sudden reversal of fortunes for many. We ran the emotional gamut from total irrational thinking and perception to reality and capitulation. Last year's market did reinforce the notion that abuses and excesses are eventually corrected and eventually reach a level of overreaction -- and that's how the year ended.
anxiety clearly continues conviction covering downside enthusiasm level reached restrained selective selling short stocks worst
It's a conviction on the part of some that a lot of the stocks have reached such a downside level that they are discounting the worst of all scenarios. The enthusiasm is clearly restrained because the selling and anxiety continues so we've got a little short covering and selective buying.
earnings evident focus magnitude rest sort
It should be evident by now that the rest of the earnings are going to come in at the same sort of magnitude over estimates. The focus is going to shift.
great market needs
It's been a great ... run. The market needs a rest.
begins economy fed generate raise rates supportive until
The Fed is still maintaining its supportive stance. They are not going to raise rates until the economy begins to generate more jobs.
economic federal move reserve stock support yesterday
The Federal Reserve is not here to support the stock market. This move yesterday (Wednesday) was done for economic reasons.
accounting automatic ceos community companies exercise experience investing rote seemed taking totally treat uplifting viewed
It's something of an uplifting experience for us in the investing community to see that companies really are taking their accounting seriously. An exercise that CEOs seemed to treat as rote and automatic is viewed totally differently.
clearly ebay followers given guidance help mercy rest
EBay was given no mercy after hours. Followers were very dismayed by the guidance and that clearly was no help for the rest of technology.
almost placed scary starting technology until utopia
It did not make me feel very comfortable because of the valuations that were starting to be placed on these technology stocks. They were almost discounting utopia until the end of this century, and that really is a scary scenario.
again declining fed great inflation interest message months next rates send six worry
Overall, a great inflation report. This again confirms interest rates should be declining over the next six months and should send the message to the Fed that it need not worry about long-term inflation.
buy market people realize turning
You buy the market when the fundamentals are the weakest. I think the fundamentals are turning and I don't think people realize it yet.
great relief
I'm impressed, ... It's a great Rolaids rally; it showed some relief out there.