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,
More Quotes from 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
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
The rally in the first two weeks of January was based on expectations that we would have a decent reporting period. Largely, that's been true, with many earnings reports meeting or topping estimates. But unfortunately, the commentary about the future has been a huge downer. That's one of the things holding investors back now.
Ned Riley
This has probably been the most-telegraphed rate cut of all time. The market had already anticipated this. Now they are asking How much more can I get
Ned Riley
The bad news could actually be fully discounted in the stocks themselves,
Ned Riley
I also feel very strongly that Procter Gamble's strategy is not going to be linked only to Procter Gamble. We will see other Dow-type companies that either have some economic sensitivity or a slowing of revenue growth start to announce restructurings.
Ned Riley
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