Today's sharp selloff shows that there were more bears on vacation in August than we thought, and they've come back nasty.
More Quotes from Ned Riley:
We're looking at a company that's going to grow, I think, at about 14 percent over the next several years with, I might add, a lot of predictability and I think a lot of visibility and a high level of confidence, ... So with Merck at 31 times earnings now and down about 20 percent from its high, I think we're getting into an opportunity where it's a lot better than trying to buy a cyclical that's selling at 27 times earnings and where the visibility is a lot more questionable.Ned Riley
I think by the first quarter of next year you're going to see a much better profits picture and that's what the market's telling us here.
Ned Riley
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,
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
The jobs report is the cornerstone of the week. But a lot happens ahead of it.
Ned Riley
The differentiation between the biggest and the best companies with the most name recognition is a development that usually occurs during a market correction and when uncertainty starts to creep it, ... This trend will continue.
Ned Riley
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