Ned Riley
Ned Riley
certainty front level point quarter technology third turning waiting
I think they're waiting for Cisco, but they're also injecting their own level of certainty about the third quarter as being the turning point for the front end of technology stocks,
almost placed scary starting technology until utopia
It did not make me feel very comfortable because of the valuations that were starting to be placed on these technology stocks. They were almost discounting utopia until the end of this century, and that really is a scary scenario.
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It's funny to watch the evolution of an index that was relatively unknown for its first 15 years. If you really want to expose your portfolio to leading-edge technology companies, the Nasdaq has the bulk of those stocks.
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This is a very critical period for the economy. The leadership is where it should be, with technology moving forward. I think we're in a turning point. That's what the market is sending a message about.
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Technology needs to be the leader on the way up, because it was the leader on the way down. Even though the earnings reports are miserable, there's a light at the end of the tunnel. That's what investors are looking at right now.
computer personal stimulus technology
This would be a short-term stimulus to personal computer manufacturers, semiconductors and the whole gamut of technology companies.
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If the Fed is committed to slowing the economy, then I do think demand for technology will slow.
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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.
avoiding gossip looking
We're back to looking at the fundamentals and, at least temporarily, avoiding gossip and rumors.
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The only concern I do have is I'd like to see a couple more months (of data) put together here before we declare this torrid, hot economy as into another phase of gearing down. I'm not as optimistic yet that we have slowed everything.
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There are certain areas that seem to be giving a little better story, not a great story, but stabilization.
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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.