Ned Riley Quotations

One of the pockets of strength has been in the health care area. You could flip a coin on the Nasdaq -- it's been a very tepid and guarded rally in the Nasdaq . But I think the Dow gains will prevail.

People have been using a rotational strategy -- but eventually you'll have a peaceful coexistence between the two because the 'old economy' stocks will have very good relative earnings that people can attach to,

Some of the governors are going to challenge another 50 basis point (half a percentage point) reduction that many people would like. I think they'll be guarded in their commentary and that may be one of the catalysts for the market to correct.

Some of the negativity is lessening, but we've got to take small steps before we run as far as this type of investor is concerned. The retail investor is not usually the leader of the pack. This is not a group that's going to be waving the green flag in front of the bull and saying 'Let's go!'.

This would be a short-term stimulus to personal computer manufacturers, semiconductors and the whole gamut of technology companies.

The question is what are the real earnings.

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.

There is a serious shift going from the growth companies in the old economy to growth companies in the new economy that have been quite tarnished over the past nine months. The tech recession was the catalyst and we are genuinely seeing a slowdown in old economy sectors.

You buy the market when the fundamentals are the weakest. I think the fundamentals are turning and I don't think people realize it yet.

What really happened today is the retail sales report set the right tone, ... It appears that consumer spending is down.