Ned Riley
Ned Riley
adverse based decent expectation fortitude further investors seem stay value whether
I think what we have is a recognition by investors that there is some decent value at this price. But whether they have the intestinal fortitude to stay during further adverse times is still unanswered. Today, they seem to have rallied based on the expectation that there is cheapness in some of these stocks.
areas certain giving great seem
There are certain areas that seem to be giving a little better story, not a great story, but stabilization.
accounting automatic ceos community companies exercise experience investing rote seemed taking totally treat uplifting viewed
It's something of an uplifting experience for us in the investing community to see that companies really are taking their accounting seriously. An exercise that CEOs seemed to treat as rote and automatic is viewed totally differently.
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.
almost fears lack news next period scandal seem
Fears about the next scandal seem to have eased. It's not very exciting, but it's a period where a lack of news is almost good.
companies earnings giving growth lifted people perception safe seems stocks trying
The Dow seems to be lifted because people are trying to resurrect the old growth stocks and giving them another try as a safe place to hide. The perception is that some of these companies are not currency- or energy-dependent enough for earnings to get hurt.
clearly continue fall investors leadership resting seems
The fundamentals are clearly what investors continue to fall back on for their leadership and that leadership seems to be resting with the 'old economy' and the Dow.
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.
appears consumer happened report retail sales spending today
What really happened today is the retail sales report set the right tone, ... It appears that consumer spending is down.
tech win
You had to be in tech to win in this period.
commentary companies negative prepared second warn
Be prepared for a continuation of negative commentary by companies as they warn about the second quarter.
complete correction fishing lows mode people tech today
Today we're in the bottom- fishing mode and there are a lot of people who think the tech correction is complete and we've established our lows for this cycle.