Ned Riley Quotations | Page 2

That's imposing a ceiling of sorts on any rally. But the good news is that at the end of next week, tax-loss related selling may abate dramatically.

You're going to get a lot more volatility on a day like today, but some of this activity, in combination with the Microsoft announcement, has clearly accelerated the volume on the day.

This is an opportunity, ... You can find some health care stocks with price- earnings ratios, ironically, more cheap than they are in the cyclical area. The health care group of stocks that I like sell about 28 times earnings and have growth rates of 14 percent.

This is sort-of the real dead period for the quarter and it's also the summer, and a lot of people are on vacation,

This is one of the most challenging periods for markets I've seen in a while. Short-term fundamentals are improving, but socio-political overtones are pulling people away from the positives. Even with closing a little higher, today's (Wednesday) activity was just an extension of what we've seen the whole week.

This is one of the most challenging periods for markets I've seen in a while, ... Short-term fundamentals are improving, but socio-political overtones are pulling people away from the positives. Even with closing a little higher, today's (Wednesday) activity was just an extension of what we've seen the whole week.

The whole atmosphere is not conducive to a drop in expectations, but if it does happen, we'll get a correction the market.

This divergence that's developed over the last 12 months, has clearly been the widest I've ever seen in all the years I've been in the business.

This administration is seen as being very pro-investment, whereas Kerry is seen as wanting to rewrite the rules -- on capital gains, tax cuts on the wealthy, certain business regulations. I think, for market psychology, that would be damaging.

A lot of people should not pay attention to the ups and downs daily because clearly they cannot discern the next week or two weeks in terms of trends in the markets. Where do you want to put your money long term, and I stress long term. We always advocate a very strong diversification.

A lot of these stocks were much higher a year ago than they are today. Clearly, the bottom-fishing issue is important and real.

There wasn't enough in my judgment to alleviate the fears that we are in the throes of a lack of confidence in the market.

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.

The report will give investors some feeling in terms of wage trends, and inflation,

This is the greatest time to buy these stocks: when nobody wants them.

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.

There's an old saying that out of chaos comes opportunity.

As we start the new year, we could see tech get a slight boost, but then I think investors will turn to consumer stocks as the economy continues to recover.

It's been the good, the bad and the ugly. I think this period is still going to be ugly for earnings but the market has discounted it.

It's been the good, the bad and the ugly, ... I think this period is still going to be ugly for earnings but the market has discounted it.

It's equally distributed in Nasdaq. I haven't seen any particular catalysts. The front-line companies like Cisco, Intel, Microsoft, Oracle are still suffering from tax selling.

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.

It was a year of awakening for the new investor on Wall Street and it was a very quick and sudden reversal of fortunes for many. We ran the emotional gamut from total irrational thinking and perception to reality and capitulation. Last year's market did reinforce the notion that abuses and excesses are eventually corrected and eventually reach a level of overreaction -- and that's how the year ended.

It's a conviction on the part of some that a lot of the stocks have reached such a downside level that they are discounting the worst of all scenarios. The enthusiasm is clearly restrained because the selling and anxiety continues so we've got a little short covering and selective buying.

It's a function of anxiety on the part of investors. People are saying that capital spending is weakening and the commitment to longer-term capital has waned a bit.

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.

For all we know, the surveys are not accurate, and maybe there is no room for contention.

It's surprisingly quiet, which is a good thing after Friday's rally. If you look at the mutual fund inflows, there's money coming into the market and demand is still strong.

It's surprisingly quiet, which is a good thing after Friday's rally, ... If you look at the mutual fund inflows, there's money coming into the market and demand is still strong.

It's going to be a real interesting week.

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.

It should be evident by now that the rest of the earnings are going to come in at the same sort of magnitude over estimates. The focus is going to shift.

It's been a great ... run. The market needs a rest.

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.

EBay was given no mercy after hours. Followers were very dismayed by the guidance and that clearly was no help for the rest of technology.

Everybody knows the second quarter is going to be miserable but there's a sliver of optimism on the part of investors that would hope that the commentary would be geared toward a better scenario.

The big news is clearly the payroll report.

The bad news could actually be fully discounted in the stocks themselves,

It will be one of those days where we wait and see and hope and pray that tomorrow's CPI data will not be taken with too much negativity,

The retail sales number today reinforces the notion that the consumer hasn't fallen apart. Today's market is encouraging from the perspective that there is less of an Enron hangover.

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.

This is clearly a holiday-impacted trading day, as volume indicates. I do think the market is acting extremely well. The Christmas rally that people eagerly awaited is here, but it's taking on something of a more subtle tone.

The negative sentiment we are seeing is a terrific Wall Street indicator,

The jobs report is the cornerstone of the week. But a lot happens ahead of it.

The Fed is still maintaining its supportive stance. They are not going to raise rates until the economy begins to generate more jobs.

The Federal Reserve is not here to support the stock market. This move yesterday (Wednesday) was done for economic reasons.

I like Merck, in particular, because here's a stock that's retreated dramatically from its high, but still has its earnings growth-rate intact, ... This company, I think, can grow about 13 to 15 percent. And its price-to-earnings ratio now is getting down to a level that I think is very reasonable relative to its long-term growth rate.

I'm reluctant to revisit things like talk of the 'Goldilocks economy,' but what I think you did see the market react to is Greenspan outlining an environment that is balanced, but with a fairly strong upward bias,

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.

Investors are starting to exercise one of the golden rules of investing, ... And that's buying when the news is the bleakest.

In the past four-to-five weeks, there has been sporadic evidence of a positive flow of equity into mutual funds both domestically and internationally, ... But if you look at the total amount of liquidity, the amount of the inflows are a couple of drips out of a faucet compared to the Atlantic Ocean.

Clearly the retail numbers in general were just a shade above the consensus estimate. Ex-auto sales ... were right in line.

Clearly, the focus going forward is going to stay on the macro news to either enforce or dispel the notion that inflation is rising.

Clearly people are anxious. Psychologically, the market is prepared to rally, but it needs clear evidence of a positive trend to do so, particularly on the first day of the (fourth) quarter.

Clearly it is not much of a surprise. There was a very strong feeling he would try to establish himself as an inflation hawk.

But it's also a dangerous period. There isn't a lot of news and the volume is low, so the market is going to move more on rumor than on fact.

I do think we're searching for a bottom on the Nasdaq and the action looks good so far. I see a lot of stocks doing well and people are going bottom fishing. Interest rates matter and clearly the Federal Reserve needs to focus on the Nasdaq.

I do think that there are a group of investors that have changed their opinion about interest rates and that is extremely positive for the market. We clearly do better in a falling interest rate environment.

I do think it is a reflection of our society. Fast, short-term and speculative in nature.

I do think he's trying to pull a leadership role here a little more than being the economist, and that leadership is trying to get people upbeat.

I don't think the visibility is improving but I think stock prices have improved based upon the acknowledgement by investors that fundamentals couldn't get any worse and the major deterioration is taking place now.

I clearly think this is just another manifestation of a recovery that continues to be underestimated by the Wall Street community. Not only Cisco, but the whole tech sector has blown away estimates. I would be truly surprised if the market doesn't have strong futures and a positive start Thursday.

The unemployment claims declined a little, so that calmed some nerves. We saw some short-covering (buying of shares sold short) yesterday (Wednesday) and we may see more of that today, but I think people are holding their breath a little for the labor report tomorrow (Friday).

This is one (year) that's gone according to the script.

This has probably been the most-telegraphed rate cut of all time. The market had already anticipated this. Now they are asking: How much more can I get?

The focus point of the market this week is going to be tomorrow. If anything, I'm hoping for neutrality out of the Fed.

The Enron hearings aren't going to help a lot.

The hesitancy is still there for the simple reason that companies have another two weeks of warnings before results are actually announced.

The inclination is toward selling the rally instead of buying on the dips.

The differentiation between the biggest and the best companies with the most name recognition is a development that usually occurs during a market correction and when uncertainty starts to creep it, ... This trend will continue.

The economic strength that we've seen in the last six weeks has been what I call deflationary.

The economic news today has not been very supportive of a strong economic scenario.

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.

The Dow is still going to attract because investors still want to diversify away from a purely tech portfolio and find value.

The fundamental environment, because we still have a whole host of earnings reports to come out, could work to slow the rally. But much of the pain and punishment has already been absorbed prior to the end of the quarter.

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.

The market's reaction has been pretty benign. But I think the market is looking at this as more constructive than destructive. I think the market has absorbed this extremely well even though there is a downward bias.

The market may be more conditioned to take surprises than we give it credit for.

The markets got a little premature declaring victory last week and the shorts rushed in to cover. Now enthusiasm has dissipated and the selling pressure is on. People are realizing that the war is going to be longer and more drawn out than anticipated.

The May payrolls report will be the celebrated one next week, and there may be some controversy around it.

The market is just behaving very nicely. We have given up very little of the rally since March.

The market is also still living with the legacy of the Fed's decision yesterday to raise rates, ... There are a number of people who feel the Fed should have paused, and should have considered the ramifications of Katrina and Rita.