Ned Riley
Ned Riley
attracted buyers clearly continue damage economy extensive fact market people resilient result though
I think some buyers have actually been attracted to the fact that the market has been down so big (this week) even though there may be extensive damage as a result of Rita. Clearly people are concluding things will continue to go on and that the economy is resilient enough to take another blow,
clearly continue microsoft next period produce reality until
I think you're going to continue to see this until we get through this whole period where there are these expectations that are clearly different than what reality is going to produce next year. Microsoft is only another example.
bottom clearly dashed fed hiatus hopes january line
The bottom line is clearly the Fed has dashed the hopes of a hiatus after this January increase.
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.
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.
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.
clearly microsoft volatility volume
You're going to get a lot more volatility on a day like today, but some of this activity, in combination with the Microsoft announcement, has clearly accelerated the volume on the day.
acting christmas clearly eagerly extremely market people rally subtle taking trading volume
This is clearly a holiday-impacted trading day, as volume indicates. I do think the market is acting extremely well. The Christmas rally that people eagerly awaited is here, but it's taking on something of a more subtle tone.
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.
advocate attention cannot clearly daily discern downs money next pay people stress strong terms trends ups week weeks
A lot of people should not pay attention to the ups and downs daily because clearly they cannot discern the next week or two weeks in terms of trends in the markets. Where do you want to put your money long term, and I stress long term. We always advocate a very strong diversification.
confidence fears judgment lack throes
There wasn't enough in my judgment to alleviate the fears that we are in the throes of a lack of confidence in the market.
depressed environment gave ibm looking notion people political remained saw sector stability tech using
There was a combination of things that really depressed it. One was Hewlett-Packard's shortfall and we had a sympathetic sell-off using the political environment as a backdrop. Ironically, IBM remained the stalwart and it probably gave the notion of stability to the tech sector and we saw some people looking for bargains.
earnings growth means rate risk
Any (profit) short-fall in that growth rate at 110 times earnings means there's some risk in these stocks.
shortened stock turned york
I like this rally, and even if this is a shortened day, we turned 'Black Friday' into 'Green Friday' on the New York Stock Exchange.