Ned Riley
Ned Riley
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.
economic question
But the question is more about economic growth.
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.
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.
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.
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.
announce companies economic either growth linked revenue slowing start strategy strongly
I also feel very strongly that Procter & Gamble's strategy is not going to be linked only to Procter & Gamble, ... We will see other Dow-type companies that either have some economic sensitivity or a slowing of revenue growth start to announce restructurings.
economic federal move reserve stock support yesterday
The Federal Reserve is not here to support the stock market. This move yesterday (Wednesday) was done for economic reasons.
call economic last seen six strength weeks
The economic strength that we've seen in the last six weeks has been what I call deflationary.
economic news strong supportive today
The economic news today has not been very supportive of a strong economic scenario.
recovery road rocky
The rocky road to recovery has some potholes.
boxed companies forecasts lack past poor
These companies are boxed in by poor past forecasts and lack of visibility.
companies earnings few group groups growing growth hot people percent rate relative selling somewhere strange terms
These companies are actually growing, ... The whole group is growing somewhere between 10 and 13 percent relative earnings growth and the price-earnings ratios are about 13 to 14 times. It's one of the few groups out there that are actually selling at their growth rate in terms of price-earnings ratio. And, right now, it's strange -- people don't like the group. It isn't a hot group.