Ned Riley
Ned Riley
believe discount earnings future group grow growth market maybe percent premium rate slow
I believe the group is going to be able to grow at least 8 to 10 percent in the future and I think the S&P earnings are going to slow down to maybe 7 or 8 percent, ... So this group could have actually a premium growth rate and yet a discount to the market that's, at least, 50 percent, if not lower.
economic question
But the question is more about economic growth.
companies corporate future governance quarters side tendency terms
But after all the corporate governance issues, there's a tendency now of erring on the side of ultra-conservatism in terms of what companies say about future quarters and that's going to continue.
disappoint feeling paranoia phase stocks
Right now I think you're in the indiscriminate phase of selling. There's more of (a feeling of) anticipation and paranoia about the possibility that some of the Dow stocks could disappoint even further.
care coin flip gains guarded health pockets rally strength
One of the pockets of strength has been in the health care area. You could flip a coin on the Nasdaq -- it's been a very tepid and guarded rally in the Nasdaq . But I think the Dow gains will prevail.
beneficial surprised
I would be very surprised to see a beneficial report.
action bit bring insurance investors leaves levels others quick reflects role somebody sour stocks taken taste
We do have a little bit of a role reversal. The vulnerability is that (tech) stocks are priced at such levels that any disappointment leaves investors with a quick and sour taste in the mouth. Today's action reflects a little insurance being taken out that if somebody falters, it will bring the others down.
build bulls case continue continued economic growth labor market pause people plenty recovery releases skeptical strong suggesting support
There's a pause today, but the bulls still have the upper hand. The economic releases continue to support the case for strong economic growth through 2004 and a continued recovery in the labor market. Yet there are still plenty of skeptical people out there, suggesting the market could continue to build on the gains.
chaos saying
There's an old saying that out of chaos comes opportunity.
consumer continues economy investors slight start stocks tech turn
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.
bad earnings market period ugly
It's been the good, the bad and the ugly. I think this period is still going to be ugly for earnings but the market has discounted it.
bad earnings market period ugly
It's been the good, the bad and the ugly, ... I think this period is still going to be ugly for earnings but the market has discounted it.
companies equally oracle particular seen suffering tax
It's equally distributed in Nasdaq. I haven't seen any particular catalysts. The front-line companies like Cisco, Intel, Microsoft, Oracle are still suffering from tax selling.
kicked last market massive positive program seems trading
It seems like there was massive indifference on the part of buyers, ... There were positive macro developments, but the market didn't react, and then program trading kicked in during the last hour.