Enron is providing the counterforce right now. It's undermining a number of industries such as utilities, banks, insurance and energy companies.
More Quotes from Ned Riley:
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.Ned Riley
We have been victim of the success of the markets.
Ned Riley
The worst point of the tech cycle is probably upon us now, but the actual results and the commentary on earnings are no surprise. There's a selling exhaustion in regards to tech stocks. People are trying to focus on the road ahead. Looking forward there is a lot of upside potential.
Ned Riley
The market may be more conditioned to take surprises than we give it credit for.
Ned Riley
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.
Ned Riley
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.
Ned Riley
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Based on Topics: Business & Commerce QuotesThere is no sanctuary of virtue like home.
Edward Everett
The seaman tells stories of winds, the ploughman of bulls; the soldier details his wounds, the shepherd his sheep.
Laurence J. Peter
Mistakes can be corrected by those who pay attention to facts but dogmatism will not be corrected by those who are wedded to a vision.
Thomas Sowell