Ned Riley
Ned Riley
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.
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.
conviction forth process
There's no conviction over earnings. You're going to get this vacillation back and forth as we're in this bottoming process and it's going to take some time.
conviction forth process
There's no conviction over earnings, ... You're going to get this vacillation back and forth as we're in this bottoming process and it's going to take some time.
success victim
We have been victim of the success of the markets.
business companies demand earnings half people second
I think people are anxiously awaiting the earnings reports, and what these companies have to say about demand for their business in the second half of the year.
buy market people realize turning
You buy the market when the fundamentals are the weakest. I think the fundamentals are turning and I don't think people realize it yet.
almost placed scary starting technology until utopia
It did not make me feel very comfortable because of the valuations that were starting to be placed on these technology stocks. They were almost discounting utopia until the end of this century, and that really is a scary scenario.
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.
great relief
I'm impressed, ... It's a great Rolaids rally; it showed some relief out there.
clearly exception flowing money strongest waiting
With the exception of the Dow, it (was) eerily quiet, waiting for Cisco's results. The Dow is clearly the strongest (today) and it's because there's still a lot of money flowing out of technology.
action activity bias market positive
The activity and action in the market is very positive and I think the bias of this market is up.