Ned Riley
Ned Riley
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.
certainty front level point quarter technology third turning waiting
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,
based commentary decent earnings future holding huge investors january meeting rally reporting reports weeks
The rally in the first two weeks of January was based on expectations that we would have a decent reporting period. Largely, that's been true, with many earnings reports meeting or topping estimates. But unfortunately, the commentary about the future has been a huge downer. That's one of the things holding investors back now.
again declining fed great inflation interest message months next rates send six worry
Overall, a great inflation report. This again confirms interest rates should be declining over the next six months and should send the message to the Fed that it need not worry about long-term inflation.
focus interest market rest stock
For the rest of the month, the focus for the stock market will be on interest rates.
economic ignore negative news
Ignore the negative economic news because the market's discounted most of it,
committed demand economy-and-economics fed slowing technology
If the Fed is committed to slowing the economy, then I do think demand for technology will slow.
announce companies economic either growth linked revenue slowing start strategy strongly
I also feel very strongly that Procter & Gamble's strategy is not going to be linked only to Procter & Gamble, ... We will see other Dow-type companies that either have some economic sensitivity or a slowing of revenue growth start to announce restructurings.
certain iraqi june markets meeting stronger
I actually think that the markets will be stronger going into the FOMC meeting June 30 and the handoff to the Iraqi council, only because these things are certain now,
comfort far forward hopefully incident last people steps took week weekend
We took two steps forward last week and only 1 step back so far this week. So there is some comfort in that. Hopefully we'll get through this weekend without incident and that should give people some reassurance.
attach earnings eventually good peaceful people relative stocks strategy using
People have been using a rotational strategy -- but eventually you'll have a peaceful coexistence between the two because the 'old economy' stocks will have very good relative earnings that people can attach to,
basis challenge commentary governors guarded market people percentage point reduction
Some of the governors are going to challenge another 50 basis point (half a percentage point) reduction that many people would like. I think they'll be guarded in their commentary and that may be one of the catalysts for the market to correct.
bull far flag front green group investor leader negativity retail run saying small steps type waving
Some of the negativity is lessening, but we've got to take small steps before we run as far as this type of investor is concerned. The retail investor is not usually the leader of the pack. This is not a group that's going to be waving the green flag in front of the bull and saying 'Let's go!'.
above clearly consensus general numbers retail sales shade
Clearly the retail numbers in general were just a shade above the consensus estimate. Ex-auto sales ... were right in line.