Competition's going to get a lot more intense, ... We know that one of the biggest products, Viagra, has been a blockbuster drug and there's more competition coming in next year. There's a new drug going to be introduced next year, and that supposedly has a much more effective impact on patients.
More Quotes from Ned Riley:
A lot of these stocks were much higher a year ago than they are today. Clearly, the bottom-fishing issue is important and real.Ned Riley
There was a combination of things that really depressed it. One was Hewlett-Packard's shortfall and we had a sympathetic sell-off using the political environment as a backdrop, ... Ironically, IBM remained the stalwart and it probably gave the notion of s
Ned Riley
I think it's wonderful -- the market doesn't want to go down. There are a lot of frustrated buyers out there that are waiting for a much larger correction, but they are being forced to chip away. ... With this market today, you just couldn't get the sellers out in force.
Ned Riley
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
Ned Riley
Today we're in the bottom- fishing mode and there are a lot of people who think the tech correction is complete and we've established our lows for this cycle.
Ned Riley
I do think it is a reflection of our society. Fast, short-term and speculative in nature.
Ned Riley
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