Ned Riley
Ned Riley
clearly establish feeling himself inflation strong
Clearly it is not much of a surprise. There was a very strong feeling he would try to establish himself as an inflation hawk.
dangerous market move news rumor volume
But it's also a dangerous period. There isn't a lot of news and the volume is low, so the market is going to move more on rumor than on fact.
buying exercise golden investors news rules starting
Investors are starting to exercise one of the golden rules of investing, ... And that's buying when the news is the bleakest.
amount atlantic both compared couple equity evidence faucet flow funds mutual past positive total
In the past four-to-five weeks, there has been sporadic evidence of a positive flow of equity into mutual funds both domestically and internationally, ... But if you look at the total amount of liquidity, the amount of the inflows are a couple of drips out of a faucet compared to the Atlantic Ocean.
dearth good market negative news sign
There has been a dearth of negative news, which to the market has to be a sign of good news.
below fall higher investors market oil prices start work
We're nearing an inflection point. I think the market will start to work higher as investors become more comfortable with higher oil prices -- particularly if oil can fall below $50 -- and after the presidential election.
beginning demand earnings economy loan looking next people picked test
We're just beginning to see justification for the market's rise, with the earnings that have already come in. The next test comes tomorrow, with the banks. People will be looking to see if loan demand in the economy has picked up.
buy company cyclical earnings high level looking might next opportunity percent selling several trying visibility
We're looking at a company that's going to grow, I think, at about 14 percent over the next several years with, I might add, a lot of predictability and I think a lot of visibility and a high level of confidence, ... So with Merck at 31 times earnings now and down about 20 percent from its high, I think we're getting into an opportunity where it's a lot better than trying to buy a cyclical that's selling at 27 times earnings and where the visibility is a lot more questionable.
april assert names people quarter tech
We're at the end of the quarter and people are consolidating a little bit. April could look better if we can see some tech names assert leadership.
computer personal stimulus technology
This would be a short-term stimulus to personal computer manufacturers, semiconductors and the whole gamut of technology companies.
question
The question is what are the real earnings.
economic ignore negative news
Ignore the negative economic news because the market's discounted most of it,
committed demand economy-and-economics fed slowing technology
If the Fed is committed to slowing the economy, then I do think demand for technology will slow.
bear breed investors types
Unfortunately, ... we've got two types of investors right now in this market. We have got this new investor, the new breed that's brash, bold, aggressive, and very short-term oriented, who has not been through a real bear market.