Ned Riley
Ned Riley
dangerous market move news rumor volume
But it's also a dangerous period. There isn't a lot of news and the volume is low, so the market is going to move more on rumor than on fact.
based improved improving investors major prices stock taking visibility worse
I don't think the visibility is improving but I think stock prices have improved based upon the acknowledgement by investors that fundamentals couldn't get any worse and the major deterioration is taking place now.
blown clearly continues market positive recovery sector start street strong surprised tech truly wall
I clearly think this is just another manifestation of a recovery that continues to be underestimated by the Wall Street community. Not only Cisco, but the whole tech sector has blown away estimates. I would be truly surprised if the market doesn't have strong futures and a positive start Thursday.
action bottom clearly federal focus good interest looks matter needs people rates reserve searching stocks
I do think we're searching for a bottom on the Nasdaq and the action looks good so far. I see a lot of stocks doing well and people are going bottom fishing. Interest rates matter and clearly the Federal Reserve needs to focus on the Nasdaq.
changed clearly extremely falling group interest investors opinion positive rates
I do think that there are a group of investors that have changed their opinion about interest rates and that is extremely positive for the market. We clearly do better in a falling interest rate environment.
reflection
I do think it is a reflection of our society. Fast, short-term and speculative in nature.
leadership people pull role trying
I do think he's trying to pull a leadership role here a little more than being the economist, and that leadership is trying to get people upbeat.
anxiety capital commitment function people saying spending
It's a function of anxiety on the part of investors. People are saying that capital spending is weakening and the commitment to longer-term capital has waned a bit.
above businesses companies economic focus producing recovery reflect results
It really does reflect the focus of American businesses on profitability because this is now substantially into this economic recovery and companies are still producing results that are substantially above long-term averages.
commentary everybody geared hope investors knows miserable optimism quarter second toward
Everybody knows the second quarter is going to be miserable but there's a sliver of optimism on the part of investors that would hope that the commentary would be geared toward a better scenario.
clearly news payroll
The big news is clearly the payroll report.
bad fully news stocks
The bad news could actually be fully discounted in the stocks themselves,
consumer enron fallen less market notion number perspective retail sales today
The retail sales number today reinforces the notion that the consumer hasn't fallen apart. Today's market is encouraging from the perspective that there is less of an Enron hangover.
critical leadership market message moving period sending technology turning
This is a very critical period for the economy. The leadership is where it should be, with technology moving forward. I think we're in a turning point. That's what the market is sending a message about.