Ned Riley
Ned Riley
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 investors leader light looking needs reports technology though
Technology needs to be the leader on the way up, because it was the leader on the way down. Even though the earnings reports are miserable, there's a light at the end of the tunnel. That's what investors are looking at right now.
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It's funny to watch the evolution of an index that was relatively unknown for its first 15 years. If you really want to expose your portfolio to leading-edge technology companies, the Nasdaq has the bulk of those stocks.
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As we start the new year, we could see tech get a slight boost, but then I think investors will turn to consumer stocks as the economy continues to recover.
attract investors portfolio purely tech
The Dow is still going to attract because investors still want to diversify away from a purely tech portfolio and find value.
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Fundamentally, I think that many of the reports, from companies like Intel, Apple and IBM do portray a relatively sound tech environment. But people are anxious right now generally.
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I clearly think this is just another manifestation of a recovery that continues to be underestimated by the Wall Street community. Not only Cisco, but the whole tech sector has blown away estimates. I would be truly surprised if the market doesn't have strong futures and a positive start Thursday.
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This is a very critical period for the economy. The leadership is where it should be, with technology moving forward. I think we're in a turning point. That's what the market is sending a message about.
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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,
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The worst point of the tech cycle is probably upon us now, but the actual results and the commentary on earnings are no surprise. There's a selling exhaustion in regards to tech stocks. People are trying to focus on the road ahead. Looking forward; there is a lot of upside potential.
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If the Fed is committed to slowing the economy, then I do think demand for technology will slow.
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.
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.