We took two steps forward last week and only 1 step back so far this week. So there is some comfort in that. Hopefully we'll get through this weekend without incident and that should give people some reassurance.
More Quotes from Ned Riley:
Clearly, the focus going forward is going to stay on the macro news to either enforce or dispel the notion that inflation is rising,Ned Riley
patience, knowledge and a lot of research.
Ned Riley
Right now I think you're in the indiscriminate phase of selling. There's more of (a feeling of) anticipation and paranoia about the possibility that some of the Dow stocks could disappoint even further.
Ned Riley
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,
Ned Riley
The smartest thing a company can do is take anything that they think might be questionable and disclose it now,
Ned Riley
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.
Ned Riley
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