This administration is seen as being very pro-investment, whereas Kerry is seen as wanting to rewrite the rules -- on capital gains, tax cuts on the wealthy, certain business regulations. I think, for market psychology, that would be damaging.
More Quotes from Ned Riley:
Today we're in the bottom- fishing mode and there are a lot of people who think the tech correction is complete and we've established our lows for this cycle.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
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 jobs report is the cornerstone of the week. But a lot happens ahead of it.
Ned Riley
We took two steps forward last week and only 1 step back so far this week. So there is some comfort in that. Hopefully we'll get through this weekend without incident and that should give people some reassurance.
Ned Riley
It's something of an uplifting experience for us in the investing community to see that companies really are taking their accounting seriously. An exercise that CEOs seemed to treat as rote and automatic is viewed totally differently.
Ned Riley
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