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
More Quotes from Ned Riley:
I like this rally, and even if this is a shortened day, we turned 'Black Friday' into 'Green Friday' on the New York Stock Exchange.Ned Riley
Until we get to that point where investors truly feel that there is no floor to stock prices, that isn't the full capitulation. There's still an unusual amount of optimism.
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
I believe the group is going to be able to grow at least 8 to 10 percent in the future and I think the SP earnings are going to slow down to maybe 7 or 8 percent, ... So this group could have actually a premium growth rate and yet a discount to the market that's, at least, 50 percent, if not lower.
Ned Riley
There are worries about mechanical failures, lost ballots, all kinds of things. But I think the market is prepared for a delay in the results. I don't think it will be as much of a surprise as it was in 2000.
Ned Riley
It seems like there was massive indifference on the part of buyers, ... There were positive macro developments, but the market didn't react, and then program trading kicked in during the last hour.
Ned Riley
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Based on Topics: Politics QuotesBased on Keywords: stalwart
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