Ned Riley
Ned Riley
tech win
You had to be in tech to win in this period.
amount floor full investors point stock truly until unusual
Until we get to that point where investors truly feel that there is no floor to stock prices, that isn't the full capitulation. There's still an unusual amount of optimism.
category damage elevated katrina people
Unfortunately, people feel very passionately that with Rita, we may see the same kind of damage and destruction that Katrina brought, particularly with it now elevated to a category 5.
concern couple declare economy gearing hot months optimistic phase together
The only concern I do have is I'd like to see a couple more months (of data) put together here before we declare this torrid, hot economy as into another phase of gearing down. I'm not as optimistic yet that we have slowed everything.
areas certain giving great seem
There are certain areas that seem to be giving a little better story, not a great story, but stabilization.
delay kinds lost market mechanical prepared surprise worries
There are worries about mechanical failures, lost ballots, all kinds of things. But I think the market is prepared for a delay in the results. I don't think it will be as much of a surprise as it was in 2000.
attracting bargain catalyst cessation depressed problems rally selling stocks suggest tax truly whether
Whether the catalyst was the cessation of tax selling or just a rally from a truly depressed area, the Nasdaq is attracting some bargain hunting. I would suggest stocks were over discounting shorter-term problems that have already been announced.
activity corporate economy few next unless
We're going to see more of the same for the next few weeks, unless something comes in that indicates a pick-up in activity in the economy or on the corporate level,
april assert names people quarter tech
We're at the end of the quarter and people are consolidating a little bit. April could look better if we can see some tech names assert leadership.
avoiding gossip looking
We're back to looking at the fundamentals and, at least temporarily, avoiding gossip and rumors.
action bit bring insurance investors leaves levels others quick reflects role somebody sour stocks taken taste
We do have a little bit of a role reversal. The vulnerability is that (tech) stocks are priced at such levels that any disappointment leaves investors with a quick and sour taste in the mouth. Today's action reflects a little insurance being taken out that if somebody falters, it will bring the others down.
economy slowing tech
What we have now is an economy that's slowing down, ... I think we're going to see some cyclicality to tech earnings.
economy slowing tech
What we have now is an economy that's slowing down. I think we're going to see some cyclicality to tech earnings.
blows body couple taken
We've taken a couple of body blows and are still standing. And I think that's pretty encouraging.