Ned Riley
Ned Riley
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.
bit brighter help people picture retail sales short
I think we'll probably get a brighter picture on retail sales for Christmas, which could (inspire) people a little bit and help the short term.
adverse based decent expectation fortitude further investors seem stay value whether
I think what we have is a recognition by investors that there is some decent value at this price. But whether they have the intestinal fortitude to stay during further adverse times is still unanswered. Today, they seem to have rallied based on the expectation that there is cheapness in some of these stocks.
next picture profits quarter telling year
I think by the first quarter of next year you're going to see a much better profits picture and that's what the market's telling us here.
buyers chip forced frustrated larger market waiting wonderful
I think it's wonderful -- the market doesn't want to go down. There are a lot of frustrated buyers out there that are waiting for a much larger correction, but they are being forced to chip away. ... With this market today, you just couldn't get the sellers out in force.
discretion economy exception exercise fed good inflation leaves less monetary news number piece position weakness
It is another piece of good news in that it leaves the Fed in an unfettered position to exercise more discretion in monetary easing. Because the economy has displayed such weakness and inflation has been non-existent with the exception of energy-related prices, the short-term inflation number may be less relevant.
camp easier fed joining longer money people period provide willing
People are joining the camp of easier money for a longer period of time. The Fed should be willing to provide any and all support.
cuts difficult kerry prove tax
I think it would be difficult for Kerry to prove that the tax cuts were not effective.
companies far financial high interest rates reporting seen stocks tech
I think the story is going to be the same going forward. We're going to see the tech companies reporting well. But the high interest rates we've seen so far have undermined some of the financial stocks and drug stocks.
attach earnings eventually good peaceful people relative stocks strategy using
People have been using a rotational strategy -- but eventually you'll have a peaceful coexistence between the two because the 'old economy' stocks will have very good relative earnings that people can attach to,
basis challenge commentary governors guarded market people percentage point reduction
Some of the governors are going to challenge another 50 basis point (half a percentage point) reduction that many people would like. I think they'll be guarded in their commentary and that may be one of the catalysts for the market to correct.
bull far flag front green group investor leader negativity retail run saying small steps type waving
Some of the negativity is lessening, but we've got to take small steps before we run as far as this type of investor is concerned. The retail investor is not usually the leader of the pack. This is not a group that's going to be waving the green flag in front of the bull and saying 'Let's go!'.
action activity bias market positive
The activity and action in the market is very positive and I think the bias of this market is up.
business companies demand earnings half people second
I think people are anxiously awaiting the earnings reports, and what these companies have to say about demand for their business in the second half of the year.