Ned Riley
Ned Riley
anxiety clearly continues conviction covering downside enthusiasm level reached restrained selective selling short stocks worst
It's a conviction on the part of some that a lot of the stocks have reached such a downside level that they are discounting the worst of all scenarios. The enthusiasm is clearly restrained because the selling and anxiety continues so we've got a little short covering and selective buying.
anxiety capital commitment function people saying spending
It's a function of anxiety on the part of investors. People are saying that capital spending is weakening and the commitment to longer-term capital has waned a bit.
above businesses companies economic focus producing recovery reflect results
It really does reflect the focus of American businesses on profitability because this is now substantially into this economic recovery and companies are still producing results that are substantially above long-term averages.
buy buyers conviction investors names premium
There is a willingness on the part of investors to buy premium names in anticipation of a recovery, but I really think there isn't a lot of conviction on the part of buyers or sellers.
casualty dismissed momentum mostly numbers pick profits quarter reverse war
The profits numbers will be mostly dismissed in the first quarter as a casualty of war. Now we'll see how much momentum we can pick up from the reverse of war negativity.
blows body couple taken
We've taken a couple of body blows and are still standing. And I think that's pretty encouraging.
catalyst companies economy genuinely growth nine past quite recession seeing serious shift tech
There is a serious shift going from the growth companies in the old economy to growth companies in the new economy that have been quite tarnished over the past nine months. The tech recession was the catalyst and we are genuinely seeing a slowdown in old economy sectors.
delay kinds lost market mechanical prepared surprise worries
There are worries about mechanical failures, lost ballots, all kinds of things. But I think the market is prepared for a delay in the results. I don't think it will be as much of a surprise as it was in 2000.
attracting bargain catalyst cessation depressed problems rally selling stocks suggest tax truly whether
Whether the catalyst was the cessation of tax selling or just a rally from a truly depressed area, the Nasdaq is attracting some bargain hunting. I would suggest stocks were over discounting shorter-term problems that have already been announced.
activity corporate economy few next unless
We're going to see more of the same for the next few weeks, unless something comes in that indicates a pick-up in activity in the economy or on the corporate level,
becoming commentary direct fed feeding interest last less low market negative neutral people talking
We're going to have more people talking about the Fed becoming less aggressive, which will be neutral or negative for the market because the market has been feeding off low interest rates. I don't think the Fed commentary is going to be as predictable and direct as the last meeting.
areas certain giving great seem
There are certain areas that seem to be giving a little better story, not a great story, but stabilization.
amount floor full investors point stock truly until unusual
Until we get to that point where investors truly feel that there is no floor to stock prices, that isn't the full capitulation. There's still an unusual amount of optimism.
avoiding gossip looking
We're back to looking at the fundamentals and, at least temporarily, avoiding gossip and rumors.