Ned Riley
Ned Riley
celebrated next report
The May payrolls report will be the celebrated one next week, and there may be some controversy around it.
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.
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.
biggest coming competition effective impact introduced next supposedly
Competition's going to get a lot more intense, ... We know that one of the biggest products, Viagra, has been a blockbuster drug and there's more competition coming in next year. There's a new drug going to be introduced next year, and that supposedly has a much more effective impact on patients.
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.
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.
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.
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.