Ned Riley
Ned Riley
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.
begins economy fed generate raise rates supportive until
The Fed is still maintaining its supportive stance. They are not going to raise rates until the economy begins to generate more jobs.
action bottom clearly federal focus good interest looks matter needs people rates reserve searching stocks
I do think we're searching for a bottom on the Nasdaq and the action looks good so far. I see a lot of stocks doing well and people are going bottom fishing. Interest rates matter and clearly the Federal Reserve needs to focus on the Nasdaq.
changed clearly extremely falling group interest investors opinion positive rates
I do think that there are a group of investors that have changed their opinion about interest rates and that is extremely positive for the market. We clearly do better in a falling interest rate environment.
companies earnings few group groups growing growth hot people percent rate relative selling somewhere strange terms
These companies are actually growing, ... The whole group is growing somewhere between 10 and 13 percent relative earnings growth and the price-earnings ratios are about 13 to 14 times. It's one of the few groups out there that are actually selling at their growth rate in terms of price-earnings ratio. And, right now, it's strange -- people don't like the group. It isn't a hot group.
care cheap cyclical earnings group growth health rates sell stocks
This is an opportunity, ... You can find some health care stocks with price- earnings ratios, ironically, more cheap than they are in the cyclical area. The health care group of stocks that I like sell about 28 times earnings and have growth rates of 14 percent.
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.
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.
attracted buyers clearly continue damage economy extensive fact market people resilient result though
I think some buyers have actually been attracted to the fact that the market has been down so big (this week) even though there may be extensive damage as a result of Rita. Clearly people are concluding things will continue to go on and that the economy is resilient enough to take another blow,