Things like Dell Computer or Microsoft or Cisco Systems, all have one characteristic They have enough cash to go through a period like this and come out smelling like roses,
More Quotes from Ned Riley:
What's going to be key over the next week and determine how stocks perform is the interplay of pre-announcements versus brokerage upgrades. The corporate news will become more relevant than the economic news as we get closer to the period of quarterly reporting.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
Everybody knows the second quarter is going to be miserable but there's a sliver of optimism on the part of investors that would hope that the commentary would be geared toward a better scenario.
Ned Riley
Fundamentally, I think that many of the reports, from companies like Intel, Apple and IBM do portray a relatively sound tech environment. But people are anxious right now generally.
Ned Riley
This is sort-of the real dead period for the quarter and it's also the summer, and a lot of people are on vacation,
Ned Riley
The bad news could actually be fully discounted in the stocks themselves,
Ned Riley
Readers Who Like This Quotation Also Like:
I ignore Hallmark Holidays. And this comes from a guy who has sold a million Opus greeting cards.Berke Breathed
The most powerful symptom of love is a tenderness which becomes at times almost insupportable.
Victor Hugo
The winner's edge is not in a gifted birth, a high IQ, or in talent. The winner's edge is all in the attitude, not aptitude. Attitude is the criterion for success.
Denis Waitley