Ned Riley
Ned Riley
data days hope pray taken wait
It will be one of those days where we wait and see and hope and pray that tomorrow's CPI data will not be taken with too much negativity,
closer corporate determine economic key news next perform period relevant stocks versus week
What's going to be key over the next week and determine how stocks perform is the interplay of pre-announcements versus brokerage upgrades. The corporate news will become more relevant than the economic news as we get closer to the period of quarterly reporting.
bad coincide economic feeling good incumbent overall promised recovery says tend upset wants year
Theoretically, the incumbent wants the economic recovery to coincide with the election, but really it's a coincidence that those years tend to be positive. I think it's more that there's a good feeling overall during that year -- everyone is promised the world and no one says anything bad to upset the markets.
market recovery reflecting
The recovery is still tepid. The market is reflecting that slowness.
appears consumer happened report retail sales spending today
What really happened today is the retail sales report set the right tone, ... It appears that consumer spending is down.
energy enron industries insurance number providing
Enron is providing the counterforce right now. It's undermining a number of industries such as utilities, banks, insurance and energy companies.
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.
complete correction fishing lows mode people tech today
Today we're in the bottom- fishing mode and there are a lot of people who think the tech correction is complete and we've established our lows for this cycle.
great rally
We've had a great rally and I think that's going to continue.
commentary companies negative prepared second warn
Be prepared for a continuation of negative commentary by companies as they warn about the second quarter.
tech win
You had to be in tech to win in this period.
banks basically bit comments continue created financial market moving stocks took treasury
What unnerved the market the most and will continue to keep moving it was Greenspan's comments about the treasury market, ... The comments basically took a lot of financial stocks off guard, all the banks and brokers. That paired with PPI created a bit of a panic.
biggest coming competition effective impact introduced next supposedly
Competition's going to get a lot more intense, ... We know that one of the biggest products, Viagra, has been a blockbuster drug and there's more competition coming in next year. There's a new drug going to be introduced next year, and that supposedly has a much more effective impact on patients.
august bears sharp shows vacation
Today's sharp selloff shows that there were more bears on vacation in August than we thought, and they've come back nasty.