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.
More Quotes from Ned Riley:
It is another piece of good news in that it leaves the Fed in an unfettered position to exercise more discretion in monetary easing. Because the economy has displayed such weakness and inflation has been non-existent with the exception of energy-related pNed Riley
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).
Ned Riley
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.
Ned Riley
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.
Ned Riley
Investors are starting to exercise one of the golden rules of investing, ... And that's buying when the news is the bleakest.
Ned Riley
I think we'll probably get a brighter picture on retail sales for Christmas, which could (inspire) people a little bit and help the short term.
Ned Riley
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