Ned Riley
Ned Riley
buying instead rally selling toward
The inclination is toward selling the rally instead of buying on the dips.
best biggest companies correction creep market name occurs starts trend
The differentiation between the biggest and the best companies with the most name recognition is a development that usually occurs during a market correction and when uncertainty starts to creep it, ... This trend will continue.
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.
credit market surprises
The market may be more conditioned to take surprises than we give it credit for.
declaring drawn enthusiasm last longer markets people premature pressure realizing rushed selling shorts victory war week
The markets got a little premature declaring victory last week and the shorts rushed in to cover. Now enthusiasm has dissipated and the selling pressure is on. People are realizing that the war is going to be longer and more drawn out than anticipated.
celebrated next report
The May payrolls report will be the celebrated one next week, and there may be some controversy around it.
behaving given market rally since
The market is just behaving very nicely. We have given up very little of the rally since March.
considered decision fed katrina legacy living market number people raise yesterday
The market is also still living with the legacy of the Fed's decision yesterday to raise rates, ... There are a number of people who feel the Fed should have paused, and should have considered the ramifications of Katrina and Rita.
call economic last seen six strength weeks
The economic strength that we've seen in the last six weeks has been what I call deflationary.
economic news strong supportive today
The economic news today has not been very supportive of a strong economic scenario.
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.
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.
earnings host pain prior punishment reports slow work
The fundamental environment, because we still have a whole host of earnings reports to come out, could work to slow the rally. But much of the pain and punishment has already been absorbed prior to the end of the quarter.
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.