Ned Riley
Ned Riley
becoming commentary direct fed feeding interest last less low market negative neutral people talking
We're going to have more people talking about the Fed becoming less aggressive, which will be neutral or negative for the market because the market has been feeding off low interest rates. I don't think the Fed commentary is going to be as predictable and direct as the last meeting.
buy buyers conviction investors names premium
There is a willingness on the part of investors to buy premium names in anticipation of a recovery, but I really think there isn't a lot of conviction on the part of buyers or sellers.
catalyst companies economy genuinely growth nine past quite recession seeing serious shift tech
There is a serious shift going from the growth companies in the old economy to growth companies in the new economy that have been quite tarnished over the past nine months. The tech recession was the catalyst and we are genuinely seeing a slowdown in old economy sectors.
declaring drawn enthusiasm last longer markets people premature pressure realizing rushed selling shorts victory war week
The markets got a little premature declaring victory last week and the shorts rushed in to cover. Now enthusiasm has dissipated and the selling pressure is on. People are realizing that the war is going to be longer and more drawn out than anticipated.
certain iraqi june markets meeting stronger
I actually think that the markets will be stronger going into the FOMC meeting June 30 and the handoff to the Iraqi council, only because these things are certain now,
activity closing extension markets people periods pulling seen
This is one of the most challenging periods for markets I've seen in a while, ... Short-term fundamentals are improving, but socio-political overtones are pulling people away from the positives. Even with closing a little higher, today's (Wednesday) activity was just an extension of what we've seen the whole week.
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.
dispel either enforce focus forward inflation news notion stay
Clearly, the focus going forward is going to stay on the macro news to either enforce or dispel the notion that inflation is rising.
downward extremely looking market reaction though
The market's reaction has been pretty benign. But I think the market is looking at this as more constructive than destructive. I think the market has absorbed this extremely well even though there is a downward bias.
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.
damage situation stay stocks until
I think we're in a situation where until the storm's damage can really be assessed, which could be weeks, stocks are going to stay under pressure.