Ned Riley
Ned Riley
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.
areas certain giving great seem
There are certain areas that seem to be giving a little better story, not a great story, but stabilization.
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.
kicked last market massive positive program seems trading
It seems like there was massive indifference on the part of buyers, ... There were positive macro developments, but the market didn't react, and then program trading kicked in during the last hour.
clearly continue fall investors leadership resting seems
The fundamentals are clearly what investors continue to fall back on for their leadership and that leadership seems to be resting with the 'old economy' and the Dow.
companies earnings giving growth lifted people perception safe seems stocks trying
The Dow seems to be lifted because people are trying to resurrect the old growth stocks and giving them another try as a safe place to hide. The perception is that some of these companies are not currency- or energy-dependent enough for earnings to get hurt.
accounting automatic ceos community companies exercise experience investing rote seemed taking totally treat uplifting viewed
It's something of an uplifting experience for us in the investing community to see that companies really are taking their accounting seriously. An exercise that CEOs seemed to treat as rote and automatic is viewed totally differently.
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.
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.
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.
camp easier fed joining longer money people period provide willing
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.
cuts difficult kerry prove tax
I think it would be difficult for Kerry to prove that the tax cuts were not effective.
companies far financial high interest rates reporting seen stocks tech
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.