It's funny to watch the evolution of an index that was relatively unknown for its first 15 years. If you really want to expose your portfolio to leading-edge technology companies, the Nasdaq has the bulk of those stocks.
More Quotes from Ned Riley:
Today the market caught the double-dip disease. Recent economic data, like yesterday's Tuesday's consumer confidence number, seems to corroborate opinion about deceleration in growth.Ned Riley
The markets got a little premature declaring victory last week and the shorts rushed in to cover. Now enthusiasm has dissipated and the selling pressure is on. People are realizing that the war is going to be longer and more drawn out than anticipated.
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
The bad news could actually be fully discounted in the stocks themselves,
Ned Riley
There's a pause today, but the bulls still have the upper hand. The economic releases continue to support the case for strong economic growth through 2004 and a continued recovery in the labor market. Yet there are still plenty of skeptical people out there, suggesting the market could continue to build on the gains.
Ned Riley
Clearly people are anxious. Psychologically, the market is prepared to rally, but it needs clear evidence of a positive trend to do so, particularly on the first day of the (fourth) quarter.
Ned Riley
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Winona Ryder
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Dave Barry
There'll be a special place in hell for the tape back-up people.
Adam Osborne