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.
More Quotes from Ned Riley:
Unfortunately, the market has taken a 'shoot now, analyze later' attitude. These companies are guilty until proven innocent, and they need to come up with confessions or disclosures that prove there's nothing questionable.Ned Riley
Technology needs to be the leader on the way up, because it was the leader on the way down. Even though the earnings reports are miserable, there's a light at the end of the tunnel. That's what investors are looking at right now.
Ned Riley
The big news is clearly the payroll report.
Ned Riley
It's going to remain a war reflected week with a bit of economic news on the side. Clearly, this anniversary is not one to be cherished by many, but we should look at the conditions then compared to the conditions now. There is little hope of a recovery and little enthusiasm for a sharp profits increase. We are in the irrational fear stage, and understandably so.
Ned Riley
The economic news today has not been very supportive of a strong economic scenario.
Ned Riley
Any (profit) short-fall in that growth rate at 110 times earnings means there's some risk in these stocks.
Ned Riley
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