210 ordspråk av Ned Riley
Ned Riley
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It's been a great ... run. The market needs a rest.
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I like this rally, and even if this is a shortened day, we turned 'Black Friday' into 'Green Friday' on the New York Stock Exchange.
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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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This would be a short-term stimulus to personal computer manufacturers, semiconductors and the whole gamut of technology companies.
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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.
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The inclination is toward selling the rally instead of buying on the dips.
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These companies are boxed in by poor past forecasts and lack of visibility.
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[The unemployment report] is going to have a high-intensity focus.
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The question is what are the real earnings.
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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.
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There was disagreement about tax policies and the need for further stimulus was at issue. O'Neill felt there was no more need for stimulus and it would have been difficult to get a tax package together without unanimity.
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It's going to be a real interesting week.
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The market may be more conditioned to take surprises than we give it credit for.
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The rally in the first two weeks of January was based on expectations that we would have a decent reporting period. Largely, that's been true, with many earnings reports meeting or topping estimates. But unfortunately, the commentary about the future has been a huge downer. That's one of the things holding investors back now.
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Investors' vision is being blurred by what's going on overseas. War news is a convenient excuse to sell.
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