Ned Riley
Ned Riley
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.
economic news strong supportive today
The economic news today has not been very supportive of a strong economic scenario.
economic ignore negative news
Ignore the negative economic news because the market's discounted most of it,
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.
buying exercise golden investors news rules starting
Investors are starting to exercise one of the golden rules of investing, ... And that's buying when the news is the bleakest.
ceiling good imposing news next related selling sorts
That's imposing a ceiling of sorts on any rally. But the good news is that at the end of next week, tax-loss related selling may abate dramatically.
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.
almost fears lack news next period scandal seem
Fears about the next scandal seem to have eased. It's not very exciting, but it's a period where a lack of news is almost good.
bad fully news stocks
The bad news could actually be fully discounted in the stocks themselves,
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.
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.