Ned Riley
Ned Riley
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.
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We're at the end of the quarter and people are consolidating a little bit. April could look better if we can see some tech names assert leadership.
companies corporate future governance quarters side tendency terms
But after all the corporate governance issues, there's a tendency now of erring on the side of ultra-conservatism in terms of what companies say about future quarters and that's going to continue.
dead people period quarter
This is sort-of the real dead period for the quarter and it's also the summer, and a lot of people are on vacation,
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The profits numbers will be mostly dismissed in the first quarter as a casualty of war. Now we'll see how much momentum we can pick up from the reverse of war negativity.
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Everybody knows the second quarter is going to be miserable but there's a sliver of optimism on the part of investors that would hope that the commentary would be geared toward a better scenario.
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I think they're waiting for Cisco, but they're also injecting their own level of certainty about the third quarter as being the turning point for the front end of technology stocks,
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.
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.
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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.
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I think it would be difficult for Kerry to prove that the tax cuts were not effective.
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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.